I'll go against the grain and look for a bounce in the banks, slight divergences in place, http://stockcharts.com/h-sc/ui?s=$BKX...id=p27176464340
Notice the pattern?they get creamed at the beginning of the month but from the 25th of the month is up. My guess would be the "T plus 3" trading rule has something to do with it as banks capitalize on end of month strength. it takes 3 days for a trade to clear, and a fund can't tell shareholders you own a stock if it hasn't cleared, so they have until Tues. so they might bite tomorrow, Hoenig news wasn't that bad and it might actually take away some of the uncertainty.
banks
Started by
slupert
, May 24 2011 04:54 PM
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