Thursday, March 19, 2009

Citi CandleStick


as ugly as this candle looks right now, i would NOT short it here. The selling in it thus far look very organized and smart. I could see it reverse higher later and tail off.

2 comments:

Stewie said...

umm. nevermind that. the exhaustive gaps are playing real nicely higher. Smart reversal at a logical spot. This should be the start of a correction of this rally.

Stewie said...

it's wild to see these garbage financials soar like this over the past few days. WHY? just plain speculative money(probably hedge funds) giving the shorts a run for their money and reeking gigantic percentage gains. Just like a mini tech bubble in low priced financials.

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