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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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?
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.
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