Stops. INDU, SPX, QQQQ

Posted on Dec 16, 2010 by WHC Bassetti in Letters

Illustrated the progressive stairstops in the DOW to the present with the latest stop noted.  10286.40.  Calculated from the   11/30 Basing Point at 6%.  While we think this a reasonable  protection the real indication of a major change of trend is the stop we have talked about for months, that is below this entire sidewave  particularly the weekly stop at 9343.xx.  But the other stops are certainly valid and good.  We like the SPX stops a little better, just because of the chart pattern:

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