Technical Analysis of Stock Trends – Page 181 – The Foundation Upon Which Technical Analysis is Built

Gold rush.

Post author:WHC Bassetti
Post published:December 7, 2009
Post category:Letters
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A 30 minute chart of gold. Today might be a reversal day, based on this chart and the daily chart. But buying here is only for the most aggressive traders.…

Blow off climax in the metals…

Post author:WHC Bassetti
Post published:December 5, 2009
Post category:Letters
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The air pocket today in the metals is not caused by news or fundamentals. It is totally technical. Any time an issue goes parabolic it is only a matter of…

FXE. GLD. Broken rules, broken trades

Post author:WHC Bassetti
Post published:December 4, 2009
Post category:Letters
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We are hedging our silver and gold trades with 2x ETFs, GLL (gold) and ZSL (silver) and taking handsome profits in PGM, platinum. Yesterday we broke a rule to exit…

FXE. Time to get off the short euro train.

Post author:WHC Bassetti
Post published:December 3, 2009
Post category:Letters
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Never ones to beat a dead horse or kick a sleeping dog or throw stones at wasp nests (even in Boston) or store thrones in glass houses we're ready to…

APWR. Buy signals.

Post author:WHC Bassetti
Post published:December 3, 2009
Post category:Letters
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Will Rogers used to say, "All I know is what I read in the papers." We don't believe anything we read in the papers, but we read the anyway. Reading…

Noted technical analyst WHC Bassetti has over 40 years’ experience in the financial markets and is Malcom S.M. Watts III Adjunct Professor of Finance and Economics at Golden Gate University. He is editor of the Tenth Edition of Technical Analysis of Stock Trends, widely considered to be one of the true classics of market analysis.

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