Technical Analysis of Stock Trends

The prevailing trend is up. Ignore the pundits, talking heads, columnists, analysts, blah blah blah

Posted on Nov 07, 2009 by WHC Bassetti.

Stop and think.  OK.  Now resume reading.  Who you gonna believe?

The tag line of the joke in which the guy comes home and finds his wife in bed with his best friend.  His friend insists that it is an optical illusion and asks, who you gonna believe, me or your lying eyes?

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Big power bar in the Dow (and everything else)

Posted on Nov 05, 2009 by WHC Bassetti.

No doubt about the power bar, evidently the flush is over.  We remain jaundiced due to the curve balls, knuckle balls and sliders we were thrown last week, but you have to take the signal — and adding on is permitted.

Too bad about the Yankees.  Weirdness continues to reign.

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Buy Gold. Buy Silver. Gaps. Power bars.

Posted on Nov 03, 2009 by WHC Bassetti.

A gap and a power bar.  About as good a buy signal as you get.  While the pattern is different in silver we think silver has a buy signal also.

As always these signals are not 100% perfect, and given the animus of the Treasury and the Fed for gold we can depend on their efforts to control the market.

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Where we are (if anywhere), or, should it be where are we?

Posted on Nov 01, 2009 by WHC Bassetti.

Every body take a deep breath and say OM.  Experiencing it last week had a bizarre feeling highlighted by our frenetic efforts to hedge our CANE&M positions so we could make CANGX look bad.  (Harmless jokes — don’t take anything we say seriously.)  (It’s the mutual fund industry we want to make look bad.)

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