Alvin this is for you. CCT. I think it is self explanatory. I wouldn’t buy at this juncture till bullish signs begin to appear.
Mark, here are some charts for you as requested. First of all the Dow. Possible bear flag formation? A break at either line will ultimately determine a trend. My personal calculations show a negative bias.
Here’s Citigroup. A possible triple bottom but I will expect that bottom to be taken out with a flush. A buy as close to $12 would be nice. Just note your downside risk, and your upside reward.
Goldman Sachs looks good at first glance. Supported by 20MA. However on looking carefully, the decreasing volume worries me. I would wait and watch, if you really have to buy this one, and see how it moves during the next 5 trading days.
Hope that helps Mark and Alvin.
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