by Ramki | Oct 30, 2008 | European Stocks
Someone wanted to me comment on BP. I am not sure whether she wanted me to look at the British Pound or the British major BP Plc. So I did both. Here are the charts for BP Plc.
by Ramki | Oct 29, 2008 | US Stocks outlook
I’m keeping this brief as wife is waiting at the door. Citi has already moved up by 14% since we bought it below $11.80. Don’t be dismayed if it comes down today. This is supposed to be a medium-term position, right? However, if we get a handsome profit this week, I...
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 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 23, 2008 | US Stocks outlook
On 16th October I wrote that one could double his/her money by buying Citi in stages from $11.80 down to $10.40. Today, I came across this funny (old) quip about how to easily double one’s money, and decided to share it with you: “The quickest way to double your...
by Ramki | Oct 23, 2008 | Nasdaq
I believe we will reach 1140 in the NASDAQ not too long from now. Not only is that level a 161.8% projection of Wave A computed from the top of Wave B, it also coincides with a projected target for the 5th wave of the C wave. Trader Mike had suggested that we could be...
