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Merrill Lynch

Chart Forum » Stocks - USA » Merrill Lynch

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Status of NASDAQ 100 Index, NDX-& related ETFs, QLD & QID: frankenstein1 1 29-Jan-08  12:26 pm
         

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maxboost
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Username: maxboost

Post Number: 212
Registered: 12-2005

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Friday, January 25, 2008 - 09:57 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)


Looks like a Mac Dee cross setting up on the weekly chart for Merrill Lynch. I think Merrills is only carrying the interest value of its subprime loans on its balance sheet now so you would expect minimal additional bad news if they are telling the truth! The banking sector is the main drag on the S&P so if Merrills can do something the market should follow.



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