S&P500 index: Is a top already in place?

by | Apr 23, 2009 | S&P500

First, remember that we are not discussing a major top for S&P500. What we are focusing on now is the top around 875 because we determined that a five wave rally that had a diagonal triangle in its fifth wave position is badly in need of a correction! Having...

S&P 500 and Citi

by | Nov 11, 2008 | S&P500

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...