Technical Analysis of Stock Trends

Wave patterns in $indu

Posted on Mar 12, 2010 by WHC Bassetti.

On January 19 we began a 14 day downwave which convinced chicken little that the sky was falling.  It lasted 894.8 points and 8.34%.  We now have 24 days of upwave from 2/25/10 and 8.23%.  It is too early to tell whether we are going to repeat the surge drift and flush pattern we saw before the rectangle. But  it appears that a pattern is being set up — that is surge and drift, but no flush during this upwave.

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The doctor is in…psychiatric advice, 5cents

Posted on Mar 10, 2010 by WHC Bassetti.

Here we are, channeling Lucy and Charley Brown…

March 2010 and the talking heads, punditry and itchy technicians are talking about selling new highs and a test of last March’s lows.

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F. C. QQQQ. What’s gnu?

Posted on Mar 09, 2010 by WHC Bassetti.

Just in case you might miss it this is an engraved invitation to add on to your C position.  Talk about power bar signals!

This is called a breakout.  Good technicians and their readers buy breakouts.

There’s a Ford in your future.  Buy the stock, make a profit and buy a Porsche with it.

Stay tuned for the tranquility broadcast later.

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Grab bag. HPQ MO ABT SVU JHJ MDT MSFT TEX XLF KBE UNH VLO WAG

Posted on Mar 08, 2010 by WHC Bassetti.

Often what you don’t buy is as important — or more important– than what you do buy.

Here is a long list of issues we wouldn’t buy right now:

HPQ MO ABT SVU JHJ MDT MSFT TEX XLF KBE UNH VLO WAG

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Dow explodes (in minor way)

Posted on Mar 05, 2010 by WHC Bassetti.

Just in case there were any doubts in your mind this power bar should put them to rest.  A buy or add-on signal.

The Basing Point stop was threatened but proved to be well placed and preserved long positions.  If you are new to this kind of investing you should applaud and observe the power of the method.

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