I was waiting for one of these negative-Nancies to downgrade the stock or do something that would cause it to decline. Today, my wait has been answered. I hold Mr Whalen's opinion in very low regard, as I find him to be more of a sensationalist and media whore instead of an analyst. Obviously he makes a very real negative point, and something to keep in mind. I just think the macro-economic trend is in WFC's favor, and will overshadow these negatives.
Now is a good initial entry point. If it breaks this support, I will double up at the 62SMA.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxKFOVIWOAJtL_hyphenhyphenbhi_BBMZu1mdqSHsF7YPEcinjK4-5kCbzoHlqki4Cg-izQLk0bqsQMCc-1R08gNdTQgisvxBLOG3BW7uvOOZQ5_epZXK4zuA4AnO39aWFih0S817ef67FpLyqNPck/s400/wfc.png)
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