Charts ,in real time and EOD, using Elliot waves and Fibonacci.
Tuesday, October 25, 2011
BAC Alternative count. monthly and 60 min charts.
This is a monthly chart and BAC looks great in anyone of the alternatives. This is labeling wave 2 as "in place", so price moves are those from a wave 3. My only concern is that SPY is bearish for next days but,maybe, BAC will have an inverse correlation.
This is the 60 min chart with a shorter term EW count.