Summary
AT EVERY public presentation and seminar, I am asked if the United States is going into a recession or even a depression because of the sub-prime mortgage collapse. I tell them that by the time the news reaches Malaysia, it is no longer news. Markets are cyclical, they swing up and down. To illustrate this point is a chart of Citibank, one of the prime participants in the crisis we just had (see Chart 1).
TradeGuider reveals several indications of smart money accumulation. These signals include tests of supply, shakeouts and stopping volume.See the full content of this document
Extract
Recession or Deprerssion?
It means that under the cover of bad news, smart money is quietly buying Citibank shares. It means we are closer to...
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