A new chart technology…

Posted on Jul 20, 2010 by WHC Bassetti in Letters

Bear with us (did we say b***?!)  just a minute while we try to improve the charts.

This week may tell us whether we have a containable downwave, or the beginnings of a serious downtrend.  We now have 5 days on the latest downwavelet and we are waiting to see if the July low will be taken out.  The short Basing Points are marked for anyone who is short.  Generally we use a 3% filter to set the stop above short Basing Points.

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