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	<title>Technical Analysis of Stock Trends &#187; WHC Bassetti</title>
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	<description>The Foundation Upon Which Technical Analysis is Built - WHC Bassetti</description>
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		<title>F, TLT (bonds)</title>
		<link>http://www.edwards-magee.com/2010/07/28/f-tlt-bonds/</link>
		<comments>http://www.edwards-magee.com/2010/07/28/f-tlt-bonds/#comments</comments>
		<pubDate>Wed, 28 Jul 2010 19:32:19 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[F]]></category>
		<category><![CDATA[jul10]]></category>
		<category><![CDATA[tlt]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=2111</guid>
		<description><![CDATA[
It looks like Ford has completed shaking out weak holders (and traders with stops, including us).  This is a breakout and we&#8217;d put a money management stop about 5% down.
More importantly TLT, which is the long bond ETF looks suspicious.

This could very well be a double top.  We would be hedging and lightening up on [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>All that glitters&#8230;</title>
		<link>http://www.edwards-magee.com/2010/07/28/all-that-glitters/</link>
		<comments>http://www.edwards-magee.com/2010/07/28/all-that-glitters/#comments</comments>
		<pubDate>Wed, 28 Jul 2010 14:41:37 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[gld]]></category>
		<category><![CDATA[gll]]></category>
		<category><![CDATA[jul10]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=2106</guid>
		<description><![CDATA[
We are partially hedging our gold positions with GLL as this looks like negative developments to us.  More patient traders will observe the Basing Point stop at 110.25.
]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Heads up.  Head and shoulders? Does it matter?</title>
		<link>http://www.edwards-magee.com/2010/07/25/heads-up-head-and-shoulders-does-it-matter/</link>
		<comments>http://www.edwards-magee.com/2010/07/25/heads-up-head-and-shoulders-does-it-matter/#comments</comments>
		<pubDate>Sun, 25 Jul 2010 20:28:44 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[jul10]]></category>
		<category><![CDATA[spx]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=2101</guid>
		<description><![CDATA[
http://stockcharts.com/h-sc/ui?s=$SPX&#38;p=D&#38;yr=1&#38;mn=0&#38;dy=0&#38;id=p30009483985&#38;a=203282118
We sometimes admonish (also abjure, berate, harass and warn) our graduate students about finding bunny patterns in the clouds in their initial enthusiasm for identifying patterns.  Being the world&#8217;s foremost exponent (or proponent) of pattern recognition this might sound strange.  Mox nichts.  We just worry about getting the job done.  This might be a head [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>Is it over yet? S&amp;P, F, C, BAC</title>
		<link>http://www.edwards-magee.com/2010/07/23/is-it-over-yet-sp-f-c-bac/</link>
		<comments>http://www.edwards-magee.com/2010/07/23/is-it-over-yet-sp-f-c-bac/#comments</comments>
		<pubDate>Fri, 23 Jul 2010 05:13:32 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=2087</guid>
		<description><![CDATA[
http://stockcharts.com/h-sc/ui?s=$SPX&#38;p=D&#38;yr=0&#38;mn=6&#38;dy=0&#38;id=p69418865904&#38;a=2032821185
This is beginning to have the feeling of a Kilroy (H&#38;S) bottom.  Today&#8217;s surge powered across a signal line.
Now.  Careful.  The nature of signals is this:  In trending markets they are dependable (within reason).  In trading and changing markets they are treacherous.
The power bar across the trendline we usually take as a buy signal.  Readers [...]]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>chart experiment</title>
		<link>http://www.edwards-magee.com/2010/07/20/chart-experiment/</link>
		<comments>http://www.edwards-magee.com/2010/07/20/chart-experiment/#comments</comments>
		<pubDate>Wed, 21 Jul 2010 00:40:56 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=2084</guid>
		<description><![CDATA[This is a chart experiment.
]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>A new chart technology&#8230;</title>
		<link>http://www.edwards-magee.com/2010/07/20/a-new-chart-technology/</link>
		<comments>http://www.edwards-magee.com/2010/07/20/a-new-chart-technology/#comments</comments>
		<pubDate>Tue, 20 Jul 2010 18:07:20 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[jul10]]></category>
		<category><![CDATA[spx]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=2076</guid>
		<description><![CDATA[
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 [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>More violence than The Girl Who Played with Fire&#8230;</title>
		<link>http://www.edwards-magee.com/2010/07/17/more-violence-than-the-girl-who-played-with-fire/</link>
		<comments>http://www.edwards-magee.com/2010/07/17/more-violence-than-the-girl-who-played-with-fire/#comments</comments>
		<pubDate>Sat, 17 Jul 2010 19:15:56 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[gld]]></category>
		<category><![CDATA[indu]]></category>
		<category><![CDATA[jul10]]></category>
		<category><![CDATA[tlt]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=2068</guid>
		<description><![CDATA[Yesterday we pointed out that the upwave had ended and today the market wreaked vengeance on any traders who ignored that trendline.    It is entirely possible that we will see a violent downwave here, and if you are trading you should have used yesterday&#8217;s power bar to get short, and the hourly chart to [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>This upwave broken at 7 days.</title>
		<link>http://www.edwards-magee.com/2010/07/15/this-upwave-broken-at-7-days/</link>
		<comments>http://www.edwards-magee.com/2010/07/15/this-upwave-broken-at-7-days/#comments</comments>
		<pubDate>Thu, 15 Jul 2010 18:15:48 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[induh]]></category>
		<category><![CDATA[jul10]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=2064</guid>
		<description><![CDATA[In this thirty minute chart the upwave is shown either pausing or ending.  Our last letter pointed out the violent cross currents and changes of direction &#8212; eight in 53 days &#8212; now, probably nine.  If you are trading you must be on this rhythm (as analyzed in detail in the last letter).   It [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Double crossed and death crossed. And Dow Theory crossed.</title>
		<link>http://www.edwards-magee.com/2010/07/09/double-crossed-and-death-crossed-and-dow-theory-crossed/</link>
		<comments>http://www.edwards-magee.com/2010/07/09/double-crossed-and-death-crossed-and-dow-theory-crossed/#comments</comments>
		<pubDate>Sat, 10 Jul 2010 00:46:03 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[indu]]></category>
		<category><![CDATA[jul10]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=2060</guid>
		<description><![CDATA[Considering the number of short term trend changes we have seen lately, including the close below our stop investors could be excused for feeling double crossed.  Then, on top of that the fabled and feared death cross has occurred.  The &#8220;death cross&#8221; is illustrated above and occurs when the 50 day moving average crosses under [...]]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Power bar off the bottom.</title>
		<link>http://www.edwards-magee.com/2010/07/07/power-bar-off-the-bottom/</link>
		<comments>http://www.edwards-magee.com/2010/07/07/power-bar-off-the-bottom/#comments</comments>
		<pubDate>Thu, 08 Jul 2010 03:08:57 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[indu]]></category>
		<category><![CDATA[jul10]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=2054</guid>
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In market conditions like we have experienced the last thirty or so trading days you must be prepared to change your trading posture according to the situation right now.  Today the market powered up in move that must be respected.  The letter we wrote earlier today is still good advice and is worth being followed [...]]]></description>
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		<slash:comments>1</slash:comments>
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