July 2009 – Page 4 – Technical Analysis of Stock Trends

Treacherous cattle… MOO moo..

Post author:WHC Bassetti
Post published:July 7, 2009
Post category:Letters
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Sometimes it's hard to know which cow to back in the race. In this case looking at the charts it's not difficult at all. DBA is definitely lagging behind and…

Go East, young man

Post author:WHC Bassetti
Post published:July 6, 2009
Post category:Letters
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Napoleon said (among the hundreds of things Napoleon said) When China awakes sthe world will shake. Although we have explored China personally and once had Chinese connections (a fascinating place,…

Another sell signal…

Post author:WHC Bassetti
Post published:July 2, 2009
Post category:Letters
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Today's action broke the closing lows of 26 days, and constitutes a sell signal for us. Of course we already sold some time ago but for multi unit traders this…

Pruning for the downwave…

Post author:WHC Bassetti
Post published:July 2, 2009
Post category:Letters
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We sold AIG, scaled out of FRE and FNM. Profits ranged from 5 to 30%. Our Ford profits are in the 300%+ range and our BAC profits are also exorbitant. …

More lottery tickets… of a rare nature, these

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