Dumpity, bumpity, dumptity…

• Post author:WHC Bassetti
• Post published:June 22, 2010
• Post category:Letters
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These are times of high anxiety for investors who lack a compass and a barometer.  If you have no instruments how do you know what to do in a storm…

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Fool’s gold. Chinese stocks.

• Post author:WHC Bassetti
• Post published:June 21, 2010
• Post category:Letters
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Charts like this inflict us with incredible ennui.  It looks like a breakout, with a gap and volume and the breakout bar is a black candle that might be interpreted…

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Taking gas.

• Post author:WHC Bassetti
• Post published:June 17, 2010
• Post category:Letters
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Talk about Lucy and Charlie Brown and the football.  We have been burned several times in UNG gas.  Once more up to the breech good friends. Looks like it finally…

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A buy signal in the Dow.

• Post author:WHC Bassetti
• Post published:June 16, 2010
• Post category:Letters
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Yesterday prices powered across the signal line in the dumpity-bumb-dump pattern (or whatever it is we call it).  This does not guarantee the resumption of the uptrend, but it is…

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Tipping point tiptoes along razor’s edge…

• Post author:WHC Bassetti
• Post published:June 14, 2010
• Post category:Letters
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We have always had our eyes on that little known Nobel Prize category -- the mixed metaphor prize.  We probably have the inside track on it, but you never know. …

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