Elliott Wave Analysis of Citigroup

This post gives you Elliott Wave analysis of Citigroup [NYSE:C]. It is not easy to deal with corrections, and labelling the waves becomes a challenge. For example, the first ABC higher had a running flat inside it. But you can see that Wave C was equal to Wave A....

Hewlett Packard has 25% downside

ELliott Wave analysis warns that Hewlett Packard has 25% downside potential. Any direct recovery to around $25.40 should be sold with a close by stop, and one could start taking profits in stages from near $21.50, riding a core position down to $17.35. Take a look at...

Elliott Wave Analysis of Xerox Corp

In his latest post on Forbes, John Navin has drawn attention to Xerox Corp, (NYSE: XRX). I tend to agree with John even from an ELliott Wave perspective. Xerox Corp stock has completed a five wave rally from its March 2009 low of $4.12 and that move has been adquately...

Elliott Wave Analysis of Valero

This is another stock discussed by John Navin in his latest post. However, I am not as enthusiastic about Valero as I am for Xerox. The reason is simple. We appear to have finished a five wave movement, and hence it is probably best to wait for a decent correction...

Elliott Wave Analysis of Verizon Communications

I thought it might be a good idea to present Elliott Wave analysis of Verizon Communications as this stock has come to the attention of some investment managers, possibly because of roll out and quality of its FiOS fiber-optic product (in addition to the company’s...