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....

Technical analysis of Citigroup

Citigroup has been moving up quite steadily this year. Has it got more room on the upside? I think so. Take a look at the two charts here. The first chart is to illustrate how the stock has respected the Elliott wave patterns very well on its way down. IN the second...

S&P 500 and Citi

If my analysis of S&P500 (and Nasdaq) suggest that we will get a 5th wave move down, then how can I recommend buying Citi from $11.54? This is a valid question, and any good analyst should have thought that through. What I did, instead, was to look at the index...

Get ready to buy Citi

I hope you took profits on Citi above $14.50, locking in a 25% gain. I suspect that the current decline will be the final push, the catharsis! (Here is your chance to click on this word and check its meaning!). Unlike the previous trade, we should aim to hold the...