Thursday Sept 22 2016 4 56 PM CST
The Dow filled the gap created by the big drop Sept 9.
Not surprisingly the gap was filled. Will the DJIA kiss the underside of the 200 day MA and then fall again?
At bottom in the CCI the over sold condition of the Sept 9 drop has been worked off and we are back at 50%
This looks like a good set up for a failure, like any good Sat Morn Serial we shall see!
I have been following the Perils of Stumpf on http://www.professorelam.typepad.com
Sentiment towards bank abuse of customers is extremely negative as CEO Stumpf is discovering.
Good thing this is not the French Revolution. I linked toan article calling for his resignation as well as the entire Board.
Now that would send a message, WFC may be too big to fail but the guys running it are not.