Comments on: Dow –Technical picture becomes clear — as mud http://www.edwards-magee.com/2009/01/29/dow-technical-picture-becomes-clear-as-mud/ The Foundation Upon Which Technical Analysis is Built - WHC Bassetti Mon, 28 Nov 2011 20:47:58 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: WHC Bassetti http://www.edwards-magee.com/2009/01/29/dow-technical-picture-becomes-clear-as-mud/comment-page-1/#comment-236 WHC Bassetti Fri, 30 Jan 2009 17:53:48 +0000 http://www.edwards-magee.com/?p=415#comment-236 I don't like getting egg on my face by predicting. Usually it is safe to say (and true) that the present trend will continue. I think this letter is absolutely right on. That's my story and I'm sticking to it. Today I'll post a letter on gold and DBA. I think the bear trend has a good chance of continuing, but that's thinking, not analyzing. I don’t like getting egg on my face by predicting. Usually it is safe to say (and true) that the present trend will continue. I think this letter is absolutely right on. That’s my story and I’m sticking to it.

Today I’ll post a letter on gold and DBA. I think the bear trend has a good chance of continuing, but that’s thinking, not analyzing.

]]> By: HGQANDQRES@aol.com http://www.edwards-magee.com/2009/01/29/dow-technical-picture-becomes-clear-as-mud/comment-page-1/#comment-233 HGQANDQRES@aol.com Fri, 30 Jan 2009 04:32:03 +0000 http://www.edwards-magee.com/?p=415#comment-233 The transportation average, I believe, has already confirmed the bear market, fulfilling one of the criteria for a continuation of the bear trend. Given the volume pattern on the industrials, it would seem probable that it will also confirm the bear trend soon too. Do you agree? The transportation average, I believe, has already confirmed the bear market, fulfilling one of the criteria for a continuation of the bear trend. Given the volume pattern on the industrials, it would seem probable that it will also confirm the bear trend soon too. Do you agree?

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