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Created on: 5/13/2011 9:35:08 PM   Last Update: 5/13/2011 9:44:28 PM Posted by: RTT
WARNING: This entry is 5568 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.

1 POST Citigroup and Toyota review
citigroup-and-toyota-reviewIn previous posts we reviewed Citigroup and Toyota. Both stocks did not have great price per time return (ie Gann Angle studies), we had them on 'watch' to see if they avoided the rocks! This is how they turned out.

Citigroup(C): The bulls just didnt even turn up, worse they gave up under the 200 SMA. RTT TrendPower confirmed that there were no serious mark up days, and RTT TrendStatus is just a mess,  therefore no reason to get long. But we are watching this one for a snap back, maybe the bulls are waiting in ambush.

Toyota(TM): The Japanese quake created many supply chain issues for this company, as they come back on line, so did the bulls, this was confirmed by the nice performance of RTT TrendPower and RTT TrendStatus.

Do you concur, did you read volume acitivity correctly?

See previous Gann and Hurst studies on these companies here:
Barry Ritholtz goes long Citigroup - Update
Be greedy when others are fearful, Warren Buffett

The charts..
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Citigroup
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Toyota


Full Disclosure: I drive a Toyota Camery, and 'loving it!. No positions in either stocks.


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Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to ride the change, after all these methods have been used successfully for 70+ years. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.


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Investing Quote...

.."Frequent requests are made for the name of someone who will teach the Art of Tape Reading. I do not know of anyone able to read the tape with profit who is willing to become an instructor. The reason is very simple. Profits from the tape far exceed anything that might be earned by charging tuition fees to his students. Its simple economics"…

Richard D Wyckoff


.."To cause high prices, all the Fed will do will be to lower the re discount rate..., producing an expansion of credit and a rising stock market; then when, business men are adjusted to these conditions, it can check, prosperity in mid career by arbitrarily raising the rate of interest. It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by a greater rate variation and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down. This is the most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed. The are private, conducted for the purpose of obtaining the greatest possible profits from the use of other people's money. They know in advance when to create panics to their advantage, and when to stop panic."...

Charles August Lindbergh Snr

..."I always believe that prices move first and fundamentals come second"..

Paul Tudor Jones


..“How many millionaires do you know who have become wealthy by investing in savings accounts?”..

Robert G Allen


.."It Ain’t What You Don’t Know That Gets You Into Trouble. It’s What You Know for Sure That Just Ain’t So"..


Mark Twain




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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund



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