June 2009 – Page 4 – Technical Analysis of Stock Trends

Dollar UUP…

Post author:WHC Bassetti
Post published:June 5, 2009
Post category:Letters
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Here is an engraved invitation to buy the dollar. Island reversal, breakaway gap.

At the tipping point…

Post author:WHC Bassetti
Post published:June 4, 2009
Post category:Letters
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In case you were unaware the market is at the very tipping point. The penetration of the 200 day moving average is traditionally, in bear markets, a bull trap. The…

Gunslinger slinks away unhurt.

Post author:WHC Bassetti
Post published:June 4, 2009
Post category:Letters
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Sold our GMGCQ (GM) position for a small profit. Had a discussion with selves in mirror. What were you thinking? Just a little time warp. We were thinking of it…

Smarty pants.

Post author:WHC Bassetti
Post published:June 3, 2009
Post category:Letters
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We bought the Qs when they broke out and then, too clever by half, sold them at the first peak in May, breaking the trend following rule of waiting for…

Ever the gunslinger….

Post author:WHC Bassetti
Post published:June 2, 2009
Post category:Letters
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True to our heritage as motorcycle riding, bull running, bungee jumping, hang gliding, fire walking adverturers we bought another lottery ticket this morning. You can now buy the new GM…

Noted technical analyst WHC Bassetti has over 40 years’ experience in the financial markets and is Malcom S.M. Watts III Adjunct Professor of Finance and Economics at Golden Gate University. He is editor of the Tenth Edition of Technical Analysis of Stock Trends, widely considered to be one of the true classics of market analysis.

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