Citi Group corporate theme:-"The Citi Never Sleeps" was finally put into "coma" and on the verge being doomed.
See the bullish harami at the closing,...I doubt we can get that price.....it's goin to spike up./..gap-up on Monday's opening.
First month setting the bull trap.Second month pretending to have completed its low.The third month got it's "death wish"but Mr.Obama has come to the rescue.
Citigroup Inc. agreed to turn over a big piece of itself to the government, a move that fanned worries that other banks would face crippling trouble with bad debt.
10:30.am:--Gap down early recovery-rebound.
And the government's gross domestic product report showed that the economy fell at a 6.2 percent annual pace at the end of last year, a much faster than expected pace.
11:30am:--Pullback for the morning session .
Bullish candlestick-sign of retracement.
12:30noon:--Recovery to opening price.
The graveyard and bearish doji at the top are sign of warning.The building will give way and crash.
1:30pm:--Pullback to Day's MAV.
Reluctance to press downward and there is a bullish spin-morning star.
2:30pm:--A triple top--bull trap.
Pullback to the MAV again and rebound this time failure to reach another opening top.
3:30pm:--The indicies has finally pierced the MAV line.
The were many hangmans around.
4:00pm:--Another attempt at the MAV line to find a high failed.
The graveyard doji and soon the day's ended with a near the low close.
We are now hoovering at the 7,000 point critical level.It's the FIRST QUARTER ending season.
The Triple Witching is on the 20/3/09.