Friday, May 21, 2010

C- Citibank--- Is Citi waking up (Not sure if they still use the line- Citi never sleeps but...)

C- Citicorp stock is trading down again... From a low of $3.11, it touched a high of $5.07 and now it is back to $3.50 range.
Today, there is a nice U TURN Signal. Wish volume was distinctively higher. Anyway, U Turn as always is a powerful trend reversal signal. The overall market has turned pretty weak recently so I am guessing that careful traders can wait for one more trend reversal signal or a confirmatory signal. I am going to keep watching C- the Citi stock again.

For those who are not familiar with U TURN signal, please look here for the detailed writeup about this powerful stock trading signal:

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What is wrong with my trading? The other me who keeps screaming inside me that the market is too risky. It is about to crash!!! It is actually killing me instead.

This all started in 2020. Two of my accounts were reaching 7 digits and I wanted to go all cash once they crossed that benchmark but I was 3...