As indicated in my last post, BAC and the DOW are now in a COUNTERTREND move with the support area of BAC being the TRENDLOW(13.50) and the DOW being the TRENDLOW(9614). The UPTREND read in the EURO(FX) has generated profit(over 100 points). The worrisome aspects are as follows. 1) the TRENDBODY on the DOW and BAC are still large; 2) the EURO(FX) is entering OVERBOUGHT territory(you would much rather prefer a TREND being initiated on low STOCHASTICS)
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