Bank of America (NYSE: BAC) is now trading in single digits, current at $9.89. Look at today’s chart for the stock:

I know I have said this would happen a week ago, but hey, it eventually happened, and not long after I predicted it. I think $10 will become a huge resistance for the stock if the stock closes below the $10 level by the end of this week.

Note that there was a huge volume for this stock in the first 2 minutes of trading, about 17 million shares traded hands. So BAC is going down on very high volume.

I don’t know where BAC will go from here, but it’s not looking good (come to think of it, it rarely looks good for this stock).