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flota

07/14/10 2:27 PM

#25744 RE: FinancialAdvisor #25743

I think these guys need to upgrade their books to Quant Theory. These guys must be stuck in the 20th century.

Dow Thoery = Middle Ages
Quant Theory = Renaissance


Bottom line. They were dead wrong short term.

FinancialAdvisor

08/12/10 9:15 AM

#25748 RE: FinancialAdvisor #25743

***BAC NEW 52-WEEK LOW***

Dow closed at 10,378.83, -265.42 or down -2.49% yesterday, may challenge 10,000 soon. Has a fanned out formation of higher highs and lower lows with declining volume on up-moves, yesterday seeemed to trigger a new downtrend after the top of the 5th wave was confirmed... BAC adding more confirmation that we're in a bear market right now ! >>>