Thanks for the vote of confidence but I will try again here we go lol.
I will start with bac. I came and tested my resistance line of 30.40 which last time was made in Oct 28th 03. When we have a big vol and down day I always like to wait and see if this is a true sell off or a one day reversal. So what i will look for on Mon is will the vol continue and will we break the resistance area. I am like u I thinking this may be a 1 day reversal but have to see what Mon brings. If we don't get the vol then I will be suspicious.If we don't break this level watch it move up 40 then to 44. If we do break this area on the down side with vol look that 27- 20.60 be the next resistance area but we need the vol to stay high.
Now uyg we had a big move down with real high vol and tested its Mar 10th lows of 26.38. I am thinking like u this may be a 1 day reversal. Look at it bouncing to 1st resistance of 30.34 then 34.30. If we break the 26.38 23.93 will be the next resistance area on the down side
I will start with bac. I came and tested my resistance line of 30.40 which last time was made in Oct 28th 03. When we have a big vol and down day I always like to wait and see if this is a true sell off or a one day reversal. So what i will look for on Mon is will the vol continue and will we break the resistance area. I am like u I thinking this may be a 1 day reversal but have to see what Mon brings. If we don't get the vol then I will be suspicious.If we don't break this level watch it move up 40 then to 44. If we do break this area on the down side with vol look that 27- 20.60 be the next resistance area but we need the vol to stay high.
Now uyg we had a big move down with real high vol and tested its Mar 10th lows of 26.38. I am thinking like u this may be a 1 day reversal. Look at it bouncing to 1st resistance of 30.34 then 34.30. If we break the 26.38 23.93 will be the next resistance area on the down side