August 5, 2012

  • Bank of America weekly chart shows a range 6.72 to 8.22
  • Weekly chart getting support at golden ratio.
  • Break above the falling resistance line may take stock to the top of the range.
  • Range has to resolve for a bigger move to happen.
  • S&P 500 WEEKEND UPDATE


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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore