Best Financial Markets Analysis Article It is not hard to find bearish fundamentals for Bank Of America (BAC), yet this stock has doubled in a few short months as it represents the degree of control the central planners have on the stock market. If BAC is up then central planners are in control. It is time to review BAC's trend.

The charts below show that Bank of America (BAC) is a buy, the last serious down day was related to Spain CDS scare. With the French elections this week one has to wonder if that could shake BAC lower. Maybe that is why when the SP500 moved up 2% today, BAC did not budge much (a laggard).

The status at the moment is the BAC is in a strong Gann Angle trend of 1x2 (two units of price for one unit of time) and its no slowed down yet. Plus cycle's show that the next push up is due very soon.

Gann Chart..

Cycle Chart...

Readtheticker

My website: www.readtheticker.com My blog: http://www.readtheticker.com/Pages/Blog1.aspx

We are financial market enthusiast using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors

Disclaimer: The material is presented for educational purposes only and may contain errors or omissions and are subject to change without notice. Readtheticker.com (or 'RTT') members and or associates are NOT responsible for any actions you may take on any comments, advice,annotations or advertisement presented in this content. This material is not presented to be a recommendation to buy or sell any financial instrument (including but not limited to stocks, forex, options, bonds or futures, on any exchange in the world) or as 'investment advice'. Readtheticker.com members may have a position in any company or security mentioned herein.

Only logged in users are allowed to post comments. Register/ Log in

The Market Oracle is a FREE Financial Markets Forecasting & Analysis web-site.
(c) 2005-2024 MarketOracle.co.uk (Market Oracle Ltd) - Market Oracle Ltd asserts copyright on all articles authored by our editorial team and all comments posted. Any and all information provided within the web-site, is for general information purposes only and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We do not give investment advice and our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to enter into a market position either stock, option, futures contract, bonds, commodity or any other financial instrument at any time. We recommend that independent professional advice is obtained before you make any investment or trading decisions. By using this site you agree to this sites Terms of Use. From time to time we promote or endorse certain products / services that we believe are worthy of your time and attention. In return for that endorsement and only in the cases where you purchase directly though us may we be compensated by the producers of those products.