Coincidence?

Amid rampant fear and gloom, I am seeing a "coincidental" number of potentially bullish patterns develop in leading stocks. Take a look at the two charts and see if you do not see similar patterns as were posted two days ago. Also take note that the chart of BAC is positioned at the level which would produce a bullish "triple" with any positive close (above 5.13).

Tale of 3 Stocks

Take a look at the charts for these 3 stocks. You will see similar patterns. All reversal patterns. The 1st set of charts uses an arithmetic or linear scale, the second shows a geometric scale, this highlights the difference between number of points and percentages.

BAC - 1st, the top line shows higher lows signifying declining downside momentum. The bottom line echoes this. 2nd, the price shows a series of 3 lows in the last month with the last 2 displaying clear reversal pattern, last Friday's reversal is the clearest with volume almost triple normal levels! Bounce to 6+ possible.

C - This one is not as nice. Don't buy this one. But probably good enough for a bounce to 3.5

WFC - After hitting a low of 8.81, it closed in the upper fourth of its range on volume 4x normal. WOW! Looking for 16.

I see a bounce for all of these. It may only last 2 days, it may last 20 days. Who knows? (I'm betting closer to 2.)