Technical Analysis of Stock Trends

PHG. Kilroy (head-and-shoulders) bottom

Posted on Jan 27, 2009 by WHC Bassetti.

If you’re looking for  stocks to buy (and that is not a bad hedging strategy at present) here is a classical bottom in PHG (Phillips).   In addition there was a speculative buy signal today.  The more conservative  will wait for it to clear the fence line (neck line) but the pattern is really nearly perfect.

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No gold bugs we —but…

Posted on Jan 23, 2009 by WHC Bassetti.

We’ve been saying it since 2003.  Buy gold.  They can’t replace it with anything else.  And today there is a breakout signal.  The chart says buy more.  Who are we to fight with the chart?

Breakaway gap and run day on good volume.  Looks like a classic buy signal.

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C,C, see how the world twirls and how temptation tempts

Posted on Jan 22, 2009 by WHC Bassetti.

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The problem with bottom fishing is …

Posted on Jan 20, 2009 by WHC Bassetti.

you never know exactly where the bottom is.  Fishermen who fished around in C in  November and December are now wondering where the bottom is.  The smartest thing to do in these cases is not to.  Wait until a buy signal is given.  That always means missing the bottom.  It also means missing the bottom after the bottom.  On the other hand if you rode with the Light Brigade at Balacava and like danger here’s a chance to try out your spurs.  You buy it with a stop 2% down, or watch it in real time.  Please let us know how much you  spend on ulcer medicine.

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EEB, FXE, DIA, XLF, INP, IWM, IAI, FXI, MOO, RTH, DBA, QQQQ, GLD, XHB, USO

Posted on Jan 19, 2009 by WHC Bassetti.

For the general investor this list of ETFs is probably sufficient to to occupy 90% of his (her?) (hizzer?) portfolio.  We just slogged through the entire list and imagine the number of charts we saw that were buyable.  Nada.  Zip.  Nyet.  Ninguem.  A slight exaggeration.  As everybody knows we’re long gold, but woldn’t buy anymore right now.  We commented a while back that OIL (USO equivalent) was a good short.  In general all of these issues can be summed up with one chart:

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