JG, it appears to me that the (PSAR) based reversals to a downtrend (both in the daily and weekly) may soon come to an end, just like the ones before. I believe it's more of a question of where PSAR holds their signals in order not to have as many flip-flops even though it has happened with BAC several times in the recent past.
I say that because the most important signals are given by the moving averages themselves. The picture there is still good (10-day ema, 20, 30, 50, 100, and 200 in the weekly) are all in uptrends. These do not change fast. That trend for this stretch started about mid July 2012.
Another great signal given today was from the LMP Indicator.
The internals of the Larger Market gave a clear signal that it was growing stronger. This market Cycle Bull Phase is still giving positive signs that it wants to reach higher highs... even after 5 years have elapsed since the bottom of the Cycle in 2009. This is positive and encouraging good news... in general for most stocks and in particular for BAC. Happy weekend. GLTY & GLTA
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