Citi at critical levels

Posted on November 13, 2008 by Ramki

Well folks, you all know that I have been working on the paradigm of a diagonal triangle, and provided for a throw-over at the end of the 5th leg of the pattern. This throw over has happened last night and we should ideally look for a strong close today. Take a look a the chart and you can decide for yourself.

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0 Responses to Citi at critical levels

  1. Uday says:
    November 14, 2008 at 12:52 am

    Congrats on your call of bounce in S&P from the 830 level. Served me well today :)

    Citi breached your wedge today. What is your call at this point?

    Reply
  2. Ramki says:
    November 14, 2008 at 11:57 am

    The wedge does looks to have broken on the wrong side and so will look to exit this stock when the S&P500 reaches above 1000. One of the costly lessons that I have learned long back is not to acknowledge when I am wrong, and to hold on to a losing position when my own analysis tells me to get out and look at something else.

    Reply
  3. Luca says:
    November 14, 2008 at 8:59 pm

    HALLO RAMKI,
    GREAT ON S&P US USUAL, VERY NICE BOUNCE,
    BUT OUT AT MOM. I DON’T LIKE “VVV” BOTT./FIG CIO NICE WE LUCA

    Reply

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