Technical Analysis of Stock Trends

Dividend stocks, September 2011

Posted on Aug 31, 2011 by WHC Bassetti.

To begin our discussion of dividend stocks readers may want to look at a letter we wrote last year  on dividend stocks at

http://www.edwards-magee.com/?p=2183

We reviewed these stocks at year end 2010 as noted in the following letter.  NOT ONE STOCK WAS AT A LOSS FROM THE ORIGINAL LETTER.

http://www.edwards-magee.com/2010/12/29/year-end-review-mostly-good/

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Zip Markets…

Posted on Aug 31, 2011 by WHC Bassetti.

When you want to send a big file to someone you zip-compress it.  The markets have zipped a crash and recovery (maybe) into 31 days, if you can believe that.  Faster than the fastest hands at the good old shell game the market compressed an 15.84% downwave into 14 days, then compressed a bottom and (perhaps) recovery (10.45%)  into 17 days (to present).  (The long downwave which demolished the market in 08-09 was 292 (elapsed) days.)

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Psychoid markets. Psychoid politics. Most fun since granma fell in the well.

Posted on Aug 27, 2011 by WHC Bassetti.

Courtesy of Robert Shouet (we don’t even look for these kinds of statistics) a member of  a chat group we read:  Morning Fri:  decliners exceed gainers 16.67-1.  Not to worry.  Afternoon gainers exceed losers 16-1.  NYSE NET decliners were -1922 morning and afternoon were +2055.

We have often described these kinds of markets as bungee markets.

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Are we having fun yet? Would we like a market based on a dividend model? Yes we would.

Posted on Aug 24, 2011 by WHC Bassetti.

The market is attempting a zeta wave here, but we don’t believe it.  We don’t think the gamma (C) wave  achieved its objective.  The reason for this is simple:  Barron’s:  16 STOCKS THAT LOOK GOOD AFTER SELLOFF.  Barron’s:  BET ON THE BULL!  We’re betting that you could get your fingers cut up by trying to catch the falling knife here.  This putative zeta wave is fueled by just such punditry and hunger to get — ta da–the best prices for future bragging.  We prefer to jeer from the sidelines.

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Silence is golden–as is silver

Posted on Aug 22, 2011 by WHC Bassetti.

The markets are unfolding as we foresaw in our last letter.  Occasionally we keep our mouths shut in order not to spoil the illusion of infallibility, also, when there is nothing more to say, why say it.  The Beta wave was turned back as we expected and the C wave is now in operation.  (Illustrated in our last letter.) Meanwhile traders piled into gold and silver.  Here a long term gold chart showing the danger of what is going on — gold poking its head up above the long term channel and quite possibly going parabolic, which will quite possibly end with traders getting parboiled.

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