Free Technical Analysis Letters

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Broken major trendline. Serious consequences.

Posted on May 20, 2010 by WHC Bassetti.

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2010-05-20-induWhile it is entirely possible that prices will climb back above the trendline now being violated taht is not the way to bet at the moment.  As for the knife catchers they are trying to treat this sell off as a buying opportunity.  And it may well be.  But that is not the way for prudent investors to bet.

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Targets for the S&P –1415-1565. Really? Really.

Posted on May 03, 2010 by WHC Bassetti.

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$spxpnfapr10We usually make it a practice to roll our eyes and snicker when we hear people predicting Dow 36000 and Dow 16000.  Of course the Dow will go to 16000 (and maybe even 36000 — but not in your lifetime).  It went from 29.64 in 1897 to 14000+ in only 112 years.  But we usually think people who spout off these extreme numbers are either naive or just looking for publicity.

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The doctor is in…psychiatric advice, 5cents

Posted on Mar 10, 2010 by WHC Bassetti.

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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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Bagged in MOT.

Posted on Jan 29, 2010 by WHC Bassetti.

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100129motThere you were happily listening to your car radio and thinking happy thoughts about Motorola when a stock market accident occurred and you lost a lot of money in the stock.

Well, you shouldn’t have been long anyway, and if you are into reversing you should have been short.

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Banksters are gangsters.

Posted on Jan 23, 2010 by WHC Bassetti.

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http://www.marketwatch.com/story/fund-manager-sees-another-crash-in-home-prices-2010-01-19

I wanted to call attention to this article because I thought it had some fundamental facts which I think will affect the market at some point in the future.  But as Forester remarked the timing is difficult.

I think that what we have seen in foreclosures is the tip of the iceberg.  Over the next couple of years we are going to see 3,000,000 houses in trouble, if not on the market and foreclosed.

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