Technical Analysis of Stock Trends

Dow waves roll on…

Posted on Oct 22, 2009 by WHC Bassetti.

Since March 9 the Dow has made an orderly march upwards, if not an April upwards.  Wave studies are always interesting so it is interesting to observe what is happening here in the march, and also in this October.

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FNM — the game continues

Posted on Oct 21, 2009 by WHC Bassetti.

This trade was not as skillfully managed as might have been.  The general explanation is that our panic sell off model is not as well articulated as our other systems because generally we’re not much interested in this kind of trading.

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Texas hold ‘em with FNM

Posted on Oct 20, 2009 by WHC Bassetti.

This is to remind readers that all our stops are  close only, unless otherwise indicated.  As this is written we are not closing our long in FNM because this looks like a reversal day.

Send that message to the SEC.

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Houston we have a problem…

Posted on Oct 19, 2009 by WHC Bassetti.

Who is Keefe Bruyette and Woods, and does anyone care? (Which way were they in the great bear market?)  Well obviously someone cares because they sent FNM and FRE down about 17% on a gap with a report saying the shares were worthless.  We have sent an email to enforcement@sec.gov  (and you should too) asking them to investigate to see if KBW have a conflict of interest, or if they informed their bosom clients they were going to ambush these issues.

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Tipping point? Or tripping point?

Posted on Oct 18, 2009 by WHC Bassetti.

At this moment we don

Át this moment we don´t know whether we are at the tipping point, or at the tripping point.  The Dow and the S&P tiptoed across the magic mark (Dow) of 10000 and hesitated.  The incessant baying of the punditry makes one think tha the trend will continue — because they are setting up a fearful howl.  10000 is the magic resistance point.  The rally has hit the magic 50% recovery point.  Yakity yakity.  Blah blah.

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