Replies to post #10166 on Citigroup Inc (C)

[Dumbarse]

I think these trading bots are mad that everyone figured out their channel (4.76-4.91) and now they're playing games with us!!

I admit that right now I'm floundering and I don't have an idea yet of what to do (so I'm just sitting back waiting for something concrete).

* We were all waiting to break out of the channel, and it did, but it would close back in the channel (we had like 3 days in a row where we closed at 4.90 and 4.91)

* Then, we were waiting for it to close above the channel (which it did yesterday at 4.94). I thought this might move things.

* Then, we were waiting for it to crack 4.94x4.95, which it did in AH last night, PM this AM, and when trading first opened. And now this became a new wall.

It looks like we have a channel, but it's a really tight one. The bottom recently has been the 10 MA and the top has been 4.94 (now 4.95). The 10 MA is now at 4.89.

My funds finally got unsettled yesterday, so yesterday was the first day I could have sold at 4.94. But with us cracking 4.94, I thought we might at least see a run to 4.98 or 5.00 or something. The hedge fund guys are mad at us for making money, so now they are teasing us today.

I hope we stay above the 10MA, and if we see 4.94 again, I may sell, and re-buy on the next dip. I don't know yet. The channel is so tight right now, I'm not sure if it's worth it (I could squeeze 3 to 4 pennies out of that channel). But, as long as we stay above the 10MA, I'll be happy with that at least.