Technical Analysis of Stock Trends

An alien reads the news (the WSJ is news isn’t it? or not?)

Posted on Dec 31, 2009 by WHC Bassetti.

Excuse me.  I’m from the the planet Mars.  (You know, analysts are from Mars, the Wall Street Journal is from Uranus.)  I just arrived on your planet and read this morning’s WSJ.  The lead headline says “2009:Banner Year for Stocks”.  So naturally not knowing about your earth-centric calendrical system and wanting to gain perspective I looked in my Apple tablet (we aliens are able to obtain products from the future through wormholes) for a chart and now I am very puzzled.  The WSJ says stocks are up 20% for the year.  Using your earth calendar I can see how this is true. In fact here is a picture of the wonderful year that has been:

Continue Reading

Misc. cats and dogs —join the edwards-magee google group

Posted on Dec 29, 2009 by WHC Bassetti.

Occasionally we run across  something which we don’t think worth a letter here.  This is one of those issues:  FRMS.  But it might be worth a speculative short.  Stopped 2% above today’s high.

If this is not worth a letter here why have we published a letter here?  Damned if we know.  Actually we post it here to encourage our readers here to join the edwards-magee googlegroup.

Continue Reading

A note for technocrat neos

Posted on Dec 15, 2009 by WHC Bassetti.

(Include us in that category.)  Recently a reader remarked that he forgot to check this site for updates.  Readers (like ourselves) who don’t know all the ins and outs of web technology may be unaware of the ability of the site to let them know when a new post is made.

Continue Reading

Interesting. And strange. S&P has not yet confirmed Dow.

Posted on Nov 10, 2009 by WHC Bassetti.

First to dispose of some matters we could make hype of but won’t.  Last week’s power bar was followed by another Monday making us look prescient, but who cares about that –what have you done for me today?

Continue Reading

Congratulations! Congratulations to the Putnam Voyager Fund which outperformed 99% of its peers…

Posted on Oct 12, 2009 by WHC Bassetti.

The WSJ today has a full page ad for the Putnam Voyager Fund in which they congratulate themselves on outperforming 99% of their peers., and as you can see from the chart they have been on a performance tear.

But you know us.  Ever like Toto who wants to see what is happening with the wizard behind the curtain we nipped at their heels and guess what we saw.

Continue Reading