Technical Analysis of Stock Trends

TSAASF, November 13

Posted on Nov 09, 2010 by WHC Bassetti.

The Technical Securities Analysts Association and the Golden Gate University Finance Club are pleased to present the TSAA annual conference scheduled for Saturday, November 13th, 2010 from 9am-5:30 pm at Golden Gate University, 536 Mission St., San Francisco.  The venue offers stadium seating, including desktops for note taking or laptop hookups.

Featured speakers include:

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Dow up. TLT (bonds) down. Big breakout? Could be.

Posted on Nov 06, 2010 by WHC Bassetti.

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&b=5&g=0&id=p75064008702&a=203281655

Signals are like men.  Sometimes they are dependable, sometimes not.  Thursday’s power bar appears to be a very strong signal, and only time will tell.  But as analysts, traders and investors not acting on that power bar would be a failure of method and discipline.   These remarks are addressed primarily to traders.  Trend followers should have been long for weeks, or months.

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SPX,GLD,SLV,F,DIA–Buy buy buy…Eat, Drink, Pray…

Posted on Nov 04, 2010 by WHC Bassetti.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p35413284069&a=207879904&listNum=2

Yesterday’s market was a sidewinder, ready to sink it’s fangs into anyone taking a position.  Today it struck — and bit the shorts, the double dippers, the heads and shjoudersers and the bears right in the butt.  During this period we have constantly abjured our readers to stick with the trend while we messed around with trading.  Today is an add-on signal, as price has burst out of sidewave.

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Sideways sidewinder. SPX, FXE

Posted on Nov 03, 2010 by WHC Bassetti.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p35413284069&a=207879904

It may be too early to say so, but it appears that the sideways drift in the major indices may qualify as a sidewave, thus replacing the anticipated downwave.  The muted reaction to the election results and to Fed announcements just confirms what we already knew — that the election was totally discounted by the market.  Now it will have to find something else to discount.  Or some news excuse to break out of this narrow range.

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$indu. Coiling markets.

Posted on Oct 26, 2010 by WHC Bassetti.

Here is what is interesting about this chart.  The rate of change, or speed , of this chart is arresting.  In 10 days, from close to close the Dow has changed 73.38 points and .66%.

In 43 days the Dow has changed 901.38 points, or 13.20%.

What does this tell you?  What it tells us is that there is very possibly hell to pay.

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