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C ya Ken…

|Includes: Bank of America Corporation (BAC)

 Since everyone is chatting about BAC and the departure of Ken Lewis, lets take a look at the monthly and weekly charts of the stock.

The 18 dollar area has been a line in the sand several times over the years, and may be once more.

BAC Monthly

I would be nervous holding BAC long as it churns around 18, but I would be even more nerous holding short if it were able to close a weekly bar above 18.15.

BAC Weekly

Disclosure: No positions were held at the time of publication, though that may change at any time.