Citigroup buy signal.

Should we start buying Citigroup tonight?
My answer is absolutely Yes.
There are 5 reasons WHY!
JUNE + JULY = Morning Star.
JULY = Dragonfly Doji.
AUGUST = Bullish hammering of the end of downtrend.
Join the bandwagon Now or Never,an opportunity of a lifetime.

Tracking the Dow,Thursday 06/08/09. (10 market days to index expiry)
Nikkei Futures Expiry:5 market days.

Asian index futures expiry:15 market days.
9:30am:--Bullish gap-up with a shooting star.

550,000 initial jobless claims were filed for the week ending August 1.

Continuing claims came in at 6.31 million, which is above the 6.25 million continuing claims that were widely expected and up from the previous week.

10:30am:---Session low with a bullish short cover.

Currently, crude is 1.7% lower at $70.76 per barrel.

11:30am:--The usual retracement to the MAV was checked by the shooting star.

A stronger U.S. dollar is exacerbating weakness in the commodities space.

12:30noon:--A pullback below the MAV line and near to morning low.Bulls tried to retrace its position.

This session's advance by GE has taken the stock back within close range of its six-month high, which was reached in ealy May.

1:30pm:--A shortlive retracement at MAV held back by a shooting star.

The midday pullback comes amid comments from CNBC's Rick Santelli that job loss totals for recent months could be revised considerably higher. Such a revision would likely be revealed with tomorrow's nonfarm payrolls report. The consensus estimate calls for 328,000 job losses for July.

2:30pm:--Day's low has been confirmed by the many spinning dojis,morning star.

Financials showed continued leadership in the early going.

3:30pm:--Retracement failed the MAV resistance test.
Stocks are trying to lift up from session lows, but weakness remains widespread.
4:00pm:--A bullish spinning dragonfly doji and inverted hammer will try to break the resistance again.

Despite two days of negative pullback,the Dow index is setting the stage for further bull rally.

Thursday's lower shadow is holding at par with previous session for second time and the index hit a high today.A healthy correction.

Volume of transaction is increasing each day especially with financial stocks support.

Samart Corporation PLC

The Group's principal activities are design, implementation and installation of telecommunication systems, and the sale and distribution of telecommunications equipment. The Group also manufactures and distributes television and radio antennae and solid satellite dishes; provides electronic advertising services, pager services (Post Tel), data, voice and image communications services via satellite, internet services, Audiotext services, air traffic control services, cellular phone services (both NMT 900 and GSM 900), internet education, total e-solutions for e-business delivery systems, electronic fund transfer, electronic data interchange, broadband data interchange services, and internet fund transfer; and designs and installs Signal Reception System, Centralized Satellite Telecommunication equipment and public rural telephone project.
Ticker: SAMART Country: THAILAND
Exchanges:BAN Major Industry:Electronics
Sub Industry:Systems & Subsystems 2008 Sales15,854,683,889(Year Ending Jan 2009).
Employees:5,038 Currency:Thai Bahts Market Cap:5,817,695,600
Fiscal Yr Ends:December Shares Outstanding:938,338,000
Share Type: Ordinary par value 1.00 baht Closely Held Shares:540,395,920
Closing price:(6/8/09):-Thai Baht 6.05 Volume:2,804,800

The daughter company Profile:Samart I-Mobile Public Company Limited
Ticker:SIM Exchanges:BAN Ordinary shares par value:0.10 Baht
2008 Sales:11,151,000,000 Major Industry:Utilities
Sub Industry:Telecommunications
Country:THAILAND
Employees:1423
The Group's principal activities are distributing and providing mobile phone content as a value added service. It also retails accessories and SIM cards in the form of retail trade through I-Mobile by SAMART Shop, wholesales and sells franchises of I-Mobile by SAMART Shop, and distributes computer and information equipment. The Group also manages the distribution channels and management for 1900 MHz mobile phone, manages and operates the 1900 MHz mobile phone customer service and billing system for Thai-Mobile Joint Venture. It is also the operator of a media business, engaging in and providing billboard advertisement services, providing content services, and provider of content. The Group is a producer and developer of contents under the brand name of BUG 1900, BUG 1113 and BUG 2 Mobile.
Closing price:Thai Baht:1.70 Volume:5,203,100 shares

Tracking the Dow onWednesday,05/08/09.(12 market days to expiry)
Nikkei Futures Expiry:14/08/09
Thai/Hang Seng/Bursa/Singapore Expiry:28/08/09

9:30am:--Bearish gap down with a bottom hammer.
Job losses during July totaled 371,000, which is steeper than the 350,000 losses that were expected.

10:30am:--Indicies skidded to an early low with a dragonfly doji seen.

Reuters.com reported that British industrial output made an unexpected 0.5% monthly increase in June.Oil prices are being quoted 0.2% lower at $71.25 per barrel.

11:30am:--Retracement to the bear pivot with a morning star held by the bears.
The ISM Service Index for July came in at 46.4, which is worse than the 48.0 that was expected.

12:30noon:--A bullish harami is holding at the bear pivot.

Financials are still the only sector in positive territory.The downturn by stocks has prompted interest in Treasuries.

1:30pm:--The bullish spike up to the MAV resistance line and holding strongly for an hour.

The rebound effort by stocks has caused participants to rotate out of Treasuries.

2:30pm:--The ascending soldiers.

The Commerce Department said new orders received by U.S. factories unexpectedly rose in June, advancing for a third-straight month.

3:30pm:--The index is currently holding at the bull resistance pivot with a bullish harami checking its advance.

Weak economic data puts stock market rally on hold.

4:00pm:--A bullish hammer and an indecision bearish spin ended the day's session.

The candlestick today is a bearish hammer with a long lower shadow reserved to be utilised again.

The bearish hammer on Wednesday has not completely filled up the month's gap and will make another attempt by the bears again.

The Dow is now +94.18 points above the 52 weeks MAV (9,186.79).

Any session above the MAV line will be a subject of high volatility and stress-test.What’s happening is that people have the fear and anxiety—they are looking at the downside.

As at today,a lower shadow has not been found yet for the month.