November 15, 2013


  • Immediate resistance for Facebook at 20 Day SMA. Second chart shows price forming the right shoulder of a possible head and shoulders pattern. For a bigger down move price has to close the week below 23.6% Fib level shown in chart 3.
  • BANK Of America chart update
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  • Bank of America daily chart shows the breakout and bullish close above the resistance line. Weekly chart shows immediate hurdle at 15.03 levels.
  • Weekly chart shows price sustaining above golden ratio and a possible resistance at 15.31 levels. Closing above this level should lead to a bigger move towards 78.6% Fib level at 16.
  • BANK Of America 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