Banks are weak, but Contrarian to all technical sentiment,
I scaled into a few banks based on their being at the
bottom of their uptrending channels that started in March and more
recently from Nov 3. I plan on adding more at the uptrend
support and will exit on a break of either side of the long term
channel.
Interested in the major widely traded banks C BAC GS, looking at
adding WFC MS JPM
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C GS BAC scale-in, looking at WFC MS JPM
Financials
Posted by straws on 13th of Nov 2009 at 05:50 pm
Banks are weak, but Contrarian to all technical sentiment, I scaled into a few banks based on their being at the bottom of their uptrending channels that started in March and more recently from Nov 3. I plan on adding more at the uptrend support and will exit on a break of either side of the long term channel.
Interested in the major widely traded banks C BAC GS, looking at adding WFC MS JPM