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Registered User Joined: 2/11/2005 Posts: 3
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This stock has been in freefall. How do you interpret the current chart?
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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The trainers don't do chart interpretation. I'm moving this to Stock and Market Talk where other traders will be more likely to see it and comment.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 1/15/2005 Posts: 13
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well, just by looking at the MS and TSV I would say bye bye to citigroup for a while =)
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Registered User Joined: 4/7/2005 Posts: 9
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No doubt MS has fallen out of bed, but I won't get overly concerned until it breaks 42.10, which is the low from last October. It has a yield about 4.8%, which may act as somewhat of a floor for the stock. Definitely one to watch. The financials haven't done much lately and I think they bode watching very carefully. With Greenspan most likely raising rates on August 9th, and if bond yields continue to rise, the financials will really be ripe for shorting. Just my two cents.
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Registered User Joined: 3/19/2005 Posts: 12
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QUOTE (wilw31) This stock has been in freefall. How do you interpret the current chart? I think if you look at money stream and tsv( weekly basis), you will see cash flowing out(indeed accelerating out) of C. Over the last several weeks, BOP has been decidedly red/negative. Institutions are dumping.
Meantime, the stock is held up by good recommendations from analysts. I think the continued stream of ethical lapses, the flattening of the yield curve, prohibitions from regulators, and mediocre performance of the brokerage wing are weighing on the stock. I plan to sell on rally. dsloan2970
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