by Ramki | Oct 28, 2008 | US Stocks outlook
A lot of Sovereign wealth funds have invested in Citi around $40 per share, and a whole bunch of impatient investors have gotten long at various levels on the way down. But we identified long back that a reasonable level to buy this banking giant will be below $11.80,...
by Ramki | Oct 28, 2008 | Euro
It looks like short-covering is a bit overdue in EUR/USD. Any fast break above the triple top at 1.2585 should easily take us to the mid 1.27s. But the fun will start up there. Stops will really kick in if the Euro breaks above 1.2750 by more than a few points. As a...
by Ramki | Oct 27, 2008 | US Stocks outlook
This is going to be brief, folks. A safe sell level over the next two trading sessions will be at 95.55 with a stop at 96.85. Further out there is some more resistance at 97.11, but at present even a move to 96.55 looks remote. Be patient. Remember we only want...
by Ramki | Oct 24, 2008 | GBP
I have been looking for Sterling to find support around 1.5850 because that area (as marked in this chart) was respected several times in the past 20 years. But today is a different story. Incredible as it seems, we were at 1.75 just 4 days back, and today’s low was...
by Ramki | Oct 23, 2008 | Gold
A couple of days ago, I tempered my bearish view on Gold by presenting a 30-minute chart. The sideways movement appeared to me as the beginning stages of a complex correction. Unfortunately, while the correction was “complex” in text-book terms, it didn’t quite...
