Technical Analysis of Stock Trends

Tracking Mark Hulbert tracking the trackers…

Posted on Aug 07, 2009 by WHC Bassetti.

BIDU.  Really?  Mark Hulbert the very interesting and always entertaining columnist on Marketwatch remarks that his top performing advisors and letter writers are buying BIDU and the other stocks mentioned in this letter (which Mark Hulbert doesn’t track, but which our readers do track).  BIDU.  Would you?  Nu.

GDX.  For 15 points?

FISV.  Into resistance?  After a big run up?  And for 12 points?

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Too clever by half…

Posted on Aug 06, 2009 by WHC Bassetti.

We bought the Qs when they broke above the horizontal line.  A smart thing to do.  In May we saw the downdraft and said, aha, this is the beginning of the downwave and sold our position with a reasonable profit.  A dumb thing to do.  Or, clever.  Or, too clever by half.  Every time we try to anticipate the market we get egg on our faces.  We’ll probably learn this lesson after another 40 years of experience.

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Riding the waves…

Posted on Aug 05, 2009 by WHC Bassetti.

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At the track…

Posted on Aug 04, 2009 by WHC Bassetti.

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Fooled by gold again…

Posted on Aug 04, 2009 by WHC Bassetti.

Beguiled by our recent trades in gold and silver we happened to think back to  our adventures in the commodity markets of the ’70s.  At Commodity Investment Service we were managing a lot of client money in addition to our own.  We made about 100 losing trades (a mild exaggeration) in silver until our clents were screaming and asking us to quit trading silver.  (In tears.)  Shortly thereafter we got long silver and were long silver in the great Hunt silver market.  We made a small fortune.

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