July 2009 – Page 2 – Technical Analysis of Stock Trends

Believe it or not…

Post author:WHC Bassetti
Post published:July 22, 2009
Post category:Letters
Post comments:1 Comment

As Ripley used to say --believe it or not, and it is difficult to believe, but the March rally is intact, and so is the wave pattern. A new high…

Fool’s gold?

Post author:WHC Bassetti
Post published:July 20, 2009
Post category:Letters
Post comments:0 Comments

These are signals in gold. The fearless speculator has to take them. Maybe the fearless but wary speculator doesn't. Our take is that the nearby tops are of such strong…

Cabbages and kings…

Post author:WHC Bassetti
Post published:July 19, 2009
Post category:Letters
Post comments:2 Comments

The time has come the cabbage said to speak of many things, of jabberwocks and cribbage, of bings and kings and ringa ding ding... Here's the surprise. The S&P jumping…

Train coming. Get off the tracks.

Post author:WHC Bassetti
Post published:July 16, 2009
Post category:Letters
Post comments:4 Comments

For whatever reason (and reasons are hard to find) the head and shoulders party has been postponed. Good trading tactics require that you scale out of some index shorts, which…

Head and shoulders beheaded?

Post author:WHC Bassetti
Post published:July 14, 2009
Post category:Letters
Post comments:8 Comments

Readers raise the question, do the last two days invalidate the head and shoulders? Not at all. The trendline from the top in June is intact, the pattern of lower…

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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