Technical Analysis of Stock Trends

Buy the Dow. Buy the Dow? Unbelievable? Unbelievable.

Posted on Sep 18, 2009 by WHC Bassetti.

September 18 2009 Buy the Dow.  Buy the Dow?  Unbelievable?  Unbelievable.

We have been so occupied with watching for the downwave that we have discounted the power of the bear market rally since March.  Not totally discounted, since we have been finding long stocks since the very bottom.  And in fact some of these sniff at the mere 51% advance of the Dow from the March low — profits in the hundreds of percentages.

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Natural gas — the thing its ownself…

Posted on Sep 16, 2009 by WHC Bassetti.

A long look at NG and a closeup of the the buy signal.  The buy signal is absolutely clear.  The risk is absolutely clear.  Basing Point is the Sep low.

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Natural gas stocks. Is it finally happening?

Posted on Sep 16, 2009 by WHC Bassetti.

As we remarked earlier the natural gas and energy stocks are showing signs of breakout.  Valid bottoms appear to have been formed in these selections and their penetrations of the horizontal lines are signals which make them worth a bet — as always, a scaled in bet.

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Natural Gas. Taking gas. The next bubble?

Posted on Sep 15, 2009 by WHC Bassetti.

We’re forever blowing bubbles…pretty bubbles in the…

Many hearts have been broken as traders continue to demonstrate that man is directly descended from geese by trying to catch the bottom of this market.  We’ve actually honked once or twice ourselves.

So once more up to the breach good friends (as Henry V is reported to have said at Agincourt).

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Gold breakout and runaway? Or more heartbreak and psoriasis…?

Posted on Sep 13, 2009 by WHC Bassetti.

After being spooked by what looked at first glance like an exhaustion gap we followed good practice and set a stop instead of bailing on gold.  So far this is productive.  Now we have an up gap — a bullish signal, in fact you could, if aggressive, add to your position.  Note:  aggressive.  Of course the new high is bullish also.

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