Since someone inquired about this stock in the chat room, I’ve flagged a 3.39 target that comes from the razor-sharp pattern shown in the 240-minute chart (see inset). Although B of A may well be on its way to the grave, I would still rate 3.39 as a back-up-the-truck number to initiate a speculative buy. Recalling that similar pre-crash projections I made for Lehman yielded a negative ‘D’ target, we might infer that, technically speaking, prospects could be worse for B of A. _____ UPDATE: We’ll put this one aside for now, since B of a shares are moving in the wrong direction.
