Edited by spielchekr, 02 August 2007 - 09:13 PM.
A $BKX chart to start an argument with
Started by
spielchekr
, Aug 02 2007 09:10 PM
5 replies to this topic
#1
Posted 02 August 2007 - 09:10 PM
Have fun! (PS: I don't mean you guys, I mean the market forces).
#2
Posted 02 August 2007 - 09:17 PM
I agree, I'm bullish on banks from this point on.
BAC, DB, CS, USB, KBE.....
on average 1.5 times book, other reasonable metrics and concerns over bank's health way overblown.
most of them pay 5+% dividend too. Which helps a lot.
They are definitely cleaning up their act now, tightetning lending standards, should be good for the future.
#3
Posted 03 August 2007 - 05:08 AM
It would be in the broad market's best interests for $BKX to maintain this bottom. That's how I see it.
#4
Posted 03 August 2007 - 05:57 AM
That long term line will be defended at all costs. Worst case scenario, they will bleed other sectors to death if need be.
You know they can, you know they shall:
http://stockcharts.com/c-sc/sc?s=$BKX:$SPX&p=W&st=1994-01-01&i=p60413616983&a=106612703&r=8092.png
You know they can, you know they shall:
http://stockcharts.com/c-sc/sc?s=$BKX:$SPX&p=W&st=1994-01-01&i=p60413616983&a=106612703&r=8092.png
#5
Posted 03 August 2007 - 10:25 AM
Now what do you want? Fib support?
http://stockcharts.com/c-sc/sc?s=$BKX&p=D&yr=2&mn=0&dy=0&i=t09112817110&a=113573256&m=o&r=439.png
http://stockcharts.com/c-sc/sc?s=$BKX&p=D&yr=2&mn=0&dy=0&i=t09112817110&a=113573256&m=o&r=439.png
#6
Posted 03 August 2007 - 12:40 PM
oops..sorry..wrong thread.
Edited by Teaparty, 03 August 2007 - 12:42 PM.