Technical Analysis of Stock Trends

David vs. Goliath. CanE&M vs. Cangx.

Posted on Oct 08, 2009 by WHC Bassetti.

We couldn’t resist the illustration.  We used to see this exact illustration in Sunday School.  David taking out Goliath with a sling.

An apt metaphor for our contest with IBD”s CANGX.

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Sell the Dow. Buy the S&P.

Posted on Oct 08, 2009 by WHC Bassetti.

No. No. No.  That’s not what we mean at all, if you know what we mean.  But oftimes the meaning of meaning can be obscure, as Wittgenstein noted.

What we mean is this.  After a forty year love affair with the Dow we’re moving on to faster company.  Ta-da.  The S&P 500.

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Is there a nuclear reactor in your future?

Posted on Oct 07, 2009 by WHC Bassetti.

You could make a case for the Sept 08-May 09 bottom being a rounding bottom –already fulfilled for measuring purposes.

But what if the June 08 – July 09 formation is yet another massive rounding bottom.  Simple arithmetic yields a target of 5.62.

Feasible? After the market we’ve just been through (are still in) anything is feasible.

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Buy! Buy! Buy! Sin in haste repent at leisure ….

Posted on Oct 06, 2009 by WHC Bassetti.

Busier than bees in an apple orchard (whatever happened to Apple anyway?) we bought QLD, FAS, SSO, and then our computer battery started dying so….

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Gold! Gold! Gold in….

Posted on Oct 06, 2009 by WHC Bassetti.

It would be difficult for us to be more suspicious of this market.  Jaundiced is what we are.  But, like Lucy and Charlie Brown and the football we have to kick this one.  A screaming signal if ever there were one. So we are adding on to our GLD and SLV positions.

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