WaMu Up and Down

After rallying 118% from the mid-$3s to the mid-$6s last week, Washington Mutual (WM) is back down to the mid-$3s this week (click chart to right to enlarge).  WaMu's daily changes over the last couple of weeks look more like yearly changes. 

At least for one financial firm, the worst doesn't seem to be over.

click to enlarge

 

Comments

[Calvin C.]

Technicals say double bottom to the upside.

[John Egan]

Or pure speculation over the 2 week period... Buy the dips, sell the rips.. Nothing has really changed for the banks. Thx jegan ;-)