BAC – Bank of America (Last:10.80)

Bank of America (BAC) price chart with targetsFor proprietary reasons, I did not display in today’s commentary a weekly chart of Bank of America that shows so clearly why it is headed for the zero axis.  The chart is included here, however, so that you can see for yourself how compelling the technical picture is. What is surprising is that we have heard so little about evidently grave problems at the bank as its shares have fallen by more than 80 percent. A silent crash?  The chart speaks for itself.