Market Intervention Coming...So.... BAC is back to where it was at the bottom of the crash in 2009. The cost to insure default on Bank of America is also back to where it was during the previous collapse. Something is wrong again. In these type of situations technical indicators are a waste of time. Price movements are defined by institutions buying and selling - not Fib Arcs, MACD and other such mumbo jumbo. Do you really think multibillion dollar managers and pension funds are looking at Fib ARCS and MACD??? LMFAO. Shorters should have closed out most shorts or at least be hedged - because they are going to intervene and do something about the mortgage market and BAC etc... You of course sell out after the effects of the intervention are complete because we are going to collapse into 2013. Also, don't discount Berman - he is no better than the average trader at 'guessing' the next move - but the indicators he uses show direction and also show when things are wrong with a stock (As they clearly are with SU). There is no way SU and COS should have traded all the way back this far when the US oil stocks are still 25-30% higher at the same points in time. There is excessive fear and Hedge Funds are shorter. There is also trillions in short term money funds scared into it the past month. To try to guess the price moves in these kinds of conditions and with the coming intervention will just cause one to lose money. Stay the course with your goals and think long term Boyz.