"C" is for Citi that's good enough for me

We have been discussing C a lot in my blog comments. I completely agree with oneofdaworst that there is a large triangle / pennant formation on C. I also agree that it targets higher prices than where it is right now. The question is, do we get there in a rush (like in the next couple of weeks) or take a breather first before resuming the rally?

I think the latter. (And as usual, I fully reserve the right to be wrong). And I for one exercise that right frequently :)

Here is my "C"razy count for C. I think the move up from the bottom is a set of threes (and yes a triangle is a three). The move up from the triangle breakout has not had a B correction yet, which I think it needs before resuming it C leg up to the triangle target.

The timing for the long term crazy count comes from my thoughts here: The Large Count with Historical Perspective.


Disclosure: This post was brought to you by the letter "C"