Monday, January 14, 2013

Chartology: Financials--Holy Crap! (XLF; BAC; C; GS; JPM)

Following up on this morning's "This week could make or break financials’ rally (XLF; GS; JPM; BAC; C; MS, the usual suspects)".XLF $17.02 down 1/2%.

From Kimble Charting Solutions:


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Although a couple of the charts remind me of Marge Simpson's line when Homer is pacing out his path searching for Lincoln's buried gold (played to perfection in the movie by Sally Field) the overall picture of the pause at resistance is attention-getting.

*Homer: ... fourscore four, fourscore five, fourscore six, fourscore and seven paces. [swings the pickaxe into the floor]

Marge: Wait! How do you know this is where Lincoln buried the gold. You just started counting from an arbitrary place.

Homer: I just started what from a what?

Marge: Your plan makes no sense.

Homer: Gold bars discovered by Marge, zero. Gold bars discovered by Homer, well, let's just see.
 [swings axe again, and some of the floor gives way. Through the hole, we can see Lisa in her office, startled by the ceiling caving in near her] Whoops! Sorry, honey.
Marge: Gold bars discovered by Homer?
Homer: Shut up.
-"Bart to the future" BABF13