Bank of America Corporation (BAC)

Bank of America dropped 10 percent in pre-market trading. "The bank that's buying Merrill Lynch & Co. sold 455 million shares for $22 each, 8 percent less than yesterday's closing price of $23.77. The shares fell 26 percent in New York Stock Exchange composite trading Oct. 7, the biggest drop in at least 28 years" (bloomberg).

BAC is printing a broadening formation and now it is testing its lower trendline.
Pretty tough. Buyers stay away from this market that is sinking day after day.