Technical Analysis of Stock Trends

Important stuff in the pipeline. Pay attention. Tide rising (falling?)

Posted on Jan 20, 2010 by WHC Bassetti.

We don’t have it all analyzed yet, but it looks like to us that some fairly important stuff is in process.  This is UUP, th dollar index which we will be buying again.  This is of course the other side of the coin to the FXE (euro).

The FXE is in freefall. An easy short.

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FXE. Double pump headfake.

Posted on Jan 19, 2010 by WHC Bassetti.

The euro gave a head fake causing us to think the downtrend was over and close our short.  Wrong.  the down trend is intact and short the euro is still the way to be.

The head fake was the gap up out of  what proved to be a consolidation pattern.  The subsequent gaps down reassert the down trend.

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JNJ, T, ABT, UTX, FAST, MSFT, IBM, ORCL, CVX, XOM, SPN, CHRW, ETC ETC

Posted on Jan 15, 2010 by WHC Bassetti.

Of late in the “media” talking heads and pundits have been touting stocks and so we thought we’d take a look at the stocks to see what the stock touts were sucking the unwary into.  As our readers know we are always chary of handicapping stocks.  If we’re going to handicap them we want to see evidence of the possibility of undeserved and obscene returns.  This is in contradistinction to our philosophy and practice of investing in  the ETFs and indices and taking what they give us.

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Bull market? Bear market? Nu? Mu? Lessons in Semantics…

Posted on Jan 14, 2010 by WHC Bassetti.

There is a famous zen story (mondo) about a monk who asked, does a dog have the Bhudda nature?  To which the zen master answered, mu.  Mu means in this case both “no” and “nothing”.

When asked if we are in a bull market we answer, Nu?

Good god, what is the point? our readers ask.

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Turn out the lights — party is over in $. Buy signals in GLD FXE

Posted on Jan 11, 2010 by WHC Bassetti.

First of all there are no signals which are 75% accurate and dependable.  If there were there would be many undeserving people who would be undeservedly rich — mutual fund managers, hedge fund managers, Goldman traders, etc.

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