Technical Analysis of Stock Trends

Good riddance to this decade. Happy New Year to you.

Posted on Dec 31, 2009 by WHC Bassetti.

As is obvious the sidewave continues, and as we predicted tight coiling volatility was followed by explosive volatility.  Nevertheless today’s long down day, as can be seen has little if any impact on the pattern (although we don’t like the impact it has on the value of our portfolio.  We just grin and bear it.).    Before the downdraft the Dow had actually managed to make a new high and appeared to be drifting out of the rectangle.

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An alien reads the news (the WSJ is news isn’t it? or not?)

Posted on Dec 31, 2009 by WHC Bassetti.

Excuse me.  I’m from the the planet Mars.  (You know, analysts are from Mars, the Wall Street Journal is from Uranus.)  I just arrived on your planet and read this morning’s WSJ.  The lead headline says “2009:Banner Year for Stocks”.  So naturally not knowing about your earth-centric calendrical system and wanting to gain perspective I looked in my Apple tablet (we aliens are able to obtain products from the future through wormholes) for a chart and now I am very puzzled.  The WSJ says stocks are up 20% for the year.  Using your earth calendar I can see how this is true. In fact here is a picture of the wonderful year that has been:

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Misc. cats and dogs —join the edwards-magee google group

Posted on Dec 29, 2009 by WHC Bassetti.

Occasionally we run across  something which we don’t think worth a letter here.  This is one of those issues:  FRMS.  But it might be worth a speculative short.  Stopped 2% above today’s high.

If this is not worth a letter here why have we published a letter here?  Damned if we know.  Actually we post it here to encourage our readers here to join the edwards-magee googlegroup.

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FRE, FNM, S&P, look like a Christmas stocking

Posted on Dec 28, 2009 by WHC Bassetti.

If these are worthless as that undistinguished New York boutique said, why do people keep buying them?  And besides that they are exhibiting buy signals today.  As an interesting conjecture, could that be a flag?  We’re going to buy some more on the off chance that it is a flag.

And……

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A Christmas present from us to you….

Posted on Dec 23, 2009 by WHC Bassetti.

Jingle bulls, jingle bulls, jingle all the way….

Nothing is more precious (even gold) to a financial journalist than his readers.  So we thought we would send a Christmas present to our readers.

All current subscribers are invited to receive the second (greatly improved) edition of StairStops which will be published in January.  To respond send an email to stairstops@edwards-magee.com with “StairStops” in the subject line.

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