http://bigcharts.mar...&mocktick=1.png
Cheers,
Bob-C
BAC continues to deteriorate & IMHO is headed lower...
Started by
Bob-C
, Apr 15 2011 12:35 AM
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#1
Bob-C
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- Traders-Talk User
- 5,316 posts
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Posted 15 April 2011 - 12:35 AM
Hi everyone, here is the BAC 60-minute ID chart depicting a negative cross of the DMI- above the DMI+ and a sharply rising ADX indicating that the trend, in this case the negative trend, is strongly negative. In addition, the RSI(14) is below 50 and headed lower while the Money Flow indicator is negative and headed lower:
http://bigcharts.mar...&mocktick=1.png
Cheers,
Bob-C
http://bigcharts.mar...&mocktick=1.png
Cheers,
Bob-C
Disclaimer: None of my posts are meant to be taken as investment advice or trading advice. Do your own due diligence and consult your financial advisor before making any trades or investments.
