BAC announced they would be paying back the TARP funds by raising money in an offering next Monday.  The stock gapped higher today and pushed up only to reverse hard and sell into the 20/50/200 moving average area of support.  At that point BAC bounced and has formed a beautiful in spirit of bear flag pattern.  This may play out later today should the pattern continue to hold.  If it plays out, the target is gap fill at $15.65.