Technical Analysis of Stock Trends

BWP CODI FTR ETC,ETC Dividend stocks

Posted on Aug 26, 2010 by WHC Bassetti.

http://stockcharts.com/h-sc/ui?s=CODI&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=207232007

http://stockcharts.com/h-sc/ui?s=FTR&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=207230758

http://stockcharts.com/h-sc/ui?s=BWP&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=207230755

http://stockcharts.com/h-sc/ui?s=PGH&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=207230764

Here is our attitude about “risky” high yielding dividend stocks.  Ordinarily buyers of yield are  chary of high yielding issues because they are “high risk”.  Last time we looked it seemed like everything was high risk.  But let us look at the way that edwards-magee handles risk.  We measure it, analyze it and set a stop.  As opposed to 90% of market participants. (And 100% of mutual fund managers.)

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TLT. Don’t nudge the pinball machine. It will TILT.

Posted on Aug 24, 2010 by WHC Bassetti.

http://stockcharts.com/h-sc/ui?s=TLT&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=207054001

Very often trading/investing success hinges not on what you buy, but on what you don’t buy.  Here are some things to not buy:  TLT IEF LQD CIU BND TIP PTTDX.

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Nobody knows, and distrust anyone who acts like he does.

Posted on Aug 21, 2010 by WHC Bassetti.

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p03149889863&a=204730441

For readers within driving range of San Francisco the finest technical analysis society in the country, and the oldest (tsaasf.org) meets monthly at Golden Gate University.  Last Thursday the society met and discussed both Wyckoff and the state of the market.  Do they know what’s going to happen?  No, but neither does anyone else.

But we know.

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TLT. TILT. TBT. Thousands of options ….

Posted on Aug 19, 2010 by WHC Bassetti.

http://stockcharts.com/h-sc/ui?s=TLT&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=203282126

We had no sooner spoken of perhaps buying puts on the bonds (TLT bond etf, TBT short bond etf) that the WSJ published a squibb yesterday that someone came into the options market and bought 30,000 calls on the TBT (effectively a put on the T bond.)

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A trendline, a trendline. My kingdom for a trendline…

Posted on Aug 19, 2010 by WHC Bassetti.

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p03149889863&a=204730441

It appears that dumpity bump pattern may be setting up.  (sell off, thrust up, sell off)  At the least we can now draw a downtrend line from the high 9 days ago.  We estimated that this downwave would be about 5 days — it was 6 before a three day upwave furnished us with the point for a trendline. This chart shows a tentative analysis of a broadening pattern we have pointed out before.  Note that there is an uptrend since July 1, and this may just be a downwave of that pattern.

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