Merrill Lynch Ready For the Big Plunge?

When Lehman was 8 on Tuesday, we called for 0.  We are almost 50% into our target after today's action!  Lehman's inaction is giving the street reason to doubt this banking giant.  The question now is, who is next.  From the looks of it, Merrill Lynch may have a similar fate.  As of right now, MER is trading at 18.75, down almost 20% today.  This stock has been in free fall mode since the top at nearly 100 back in January 2007.  A look at the monthly chart will have you doing a double take, it is quite ugly.  Notice the relentless selling and an increase in volume.  This remind me of a baby Lehman.  The price swings haven't been quite as wild but very large nonetheless.  It appears that Merrill is running out of options and will need to raise alot of capital and do it fast.