Posted on Aug 19, 2016 by WHC Bassetti.
READERS ARE REMINDED THAT CHARLES BASSETTI WILL BE SPEAKING AT THE TSAASF TITANS OF TECHNICAL ANALYSIS CONFERENCE AUGUST 20 AT GOLDEN GATE UNIVERSITY. INFO AT TSAASF.ORG. THE SECRET OF THE MARKETS WILL NOT BE REVEALED.
Posted on Aug 06, 2016 by WHC Bassetti.
Goldman says take the rest of the summer off. Gross says what me like stoscks? Nyet. And Soros is supposed to have a big short bet on as is that corporate horse-fly Icahn. They are all getting poorer by the day. We have said, for the 3015th time, that having an opinion on the market is a good way to go broke, and that it is a fool’s errand to buck the trend of the market as plainly indicated by the chart. The PnF system looks for a target of 20349 in the INDU.
Posted on Jul 31, 2016 by WHC Bassetti.
Just in case you thought AAPL was dead (or rotten), here’s apple juice in your ear. That gap from May has been closed with an eye catching (if not ear catching) gap. Buy signals all over the place. We are always amused to see the financial press get egg on its face over Apple. Do not trust anything the media says about Apple. Listen to what the chart says. Meanwhile, tracking Alice closely…
Posted on Jul 23, 2016 by WHC Bassetti.
This is such a beautiful chart, with such long term meaning that we have to show it. 20349 targeted in the Indu. What gives this credence is the months and moths of tedium as the market backed and filled and fizzled and failed. The market doesn’t just do that to test investor faith. It does it to build a platform for the next advance. Being coy the market always tries to leave room for doubt so that only the true of heart are able to reap the rewards of faith virtue and loyalty. (Sorry. Got carried away there.)
Posted on Jul 18, 2016 by WHC Bassetti.
Not much debateable here. All the indices are breaking to new highs.
The spx, similarly, breaking away.
And the qs. Everywhere you look there are buying signals. We are in.
What does it mean? Well one thing it means is illuminated by the PnF chart: