How high do they go before they hit bottom? Interest rates — not politicians.
Posted on Aug 17, 2010 by WHC Bassetti.
http://stockcharts.com/h-sc/ui?s=TLT&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=203282126
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A diller, a dollar, a euro scholar…
Posted on Aug 15, 2010 by WHC Bassetti.
Although there is a supporting trendline here it look to us as though it’s safe to short the euro again, with the breaking of the upper trendline and the breakaway gap. We would put the stop 2 or 3% above the high of the gap day.
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Surge. Drift. FLUSH!!! That flushing sound you hear is Congress flushing the economy.
Posted on Aug 11, 2010 by WHC Bassetti.
http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p52855211355&a=205639989
It is obvious that the market has not yet settled down. We think that it is expressing strong, if not paranoic doubts about the ability of the Congress to avoid a double dip recession. And considering the competence (and courage (lack of)) of that venerable institution we can well understand its neurosis. Robert Shiller has joined Paul Krugman and ourselves in stating that there are strong possibilities of a double dip recession unless jobs are created. Meanwhile, Congress worries about the deficit. One wonders why they didn’t worry about it when they were spending a trillion dollars in Iraq. Oh. Forgot. That was off budget.
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Stop right there.
Posted on Aug 08, 2010 by WHC Bassetti.
http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p52855211355&a=205639989
(This letter depends on the reader’s having read Technical Analysis of Stock Trends, 9th Edition Chapters 28 and 28.1, and/or StairStops. Your survival in the market depends on your having read those same books.)
The stop is the essence of risk control. If you don’t have it you are at the mercy of the market and the talking heads (who don’t have it).
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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 Ninth Edition of Technical Analysis of Stock Trends, widely considered to be one of the true classics of market analysis.
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