Posted on Apr 23, 2015 by WHC Bassetti.
Here is a different way to look at the SPX — a line chart which just connects closes with a line. This almost looks like triangle. It can of course be contained within a rectangle, especially if candle shadows are included. But the important thing is the coiling nature of the pattern — getting tighter and tighter. Foreshadowing fireworks. Professionals sometimes buy option straddles in cases like this. Propulsive power is built up in patterns like this — a confirmed breakout would carry price a minimum of 80 points.
Posted on Apr 19, 2015 by WHC Bassetti.
Posted on Apr 11, 2015 by WHC Bassetti.
Lee, a man of generous spirit, resisted the efforts of some of his officers to continue the struggle with guerilla warfare. It didn’t make that much difference of course. President Johnson gutted Northern efforts to reform the South and southern civilians continued the struggle until 1965.
Posted on Apr 05, 2015 by WHC Bassetti.
Our last letter flippantly suggested that spx futures prices would probably jump 40 points when trading resumed Sunday. Should have said 20 and anyway that didn’t happen, which is a little worrying for Monday’s equities opening. Nonetheless–
As we are in the holy season for Christians and Jews it is worth quoting the Dali Lama: “My religion is kindness.”
Posted on Apr 04, 2015 by WHC Bassetti.
On good Friday they opened the futures markets long enough for the lemmings to rush through the door and over the cliff. It was too early for humans on the west coast, but the lemmings on the east coast grabbed their bathing suits and headed for the beach. They managed to drive the futures down about 22 points in around thirty minutes. This nonsense was occasioned by (heavan forfend!) the depression causing low jobs number.