Technical Analysis of Stock Trends

DJP. Dump and pump and gap…

Posted on Feb 16, 2010 by WHC Bassetti.

Well, like Vancouver you have to haul snow so people can endanger themselves sliding downhill on boards (no skiiers we) and then you get a blizzard of buy signals.

DJP is flashing a buy signal.   Once upon a time it was at 72.

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FXE. If PIGS had wings…

Posted on Feb 16, 2010 by WHC Bassetti.

Here it is again — the pump, dump quick pass.  We (as marked on the chart) already were long the euro, and this looks like a confirmation — BUT a 2% stop under the low there.

At turns like this the market will throw you more curves and knuckle balls than the the Greeks have letters in their alphabet –  let’s see..alpha, beta…but we guess its delta and theta which are most important…

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Buy signals: GLD, DIA and….

Posted on Feb 16, 2010 by WHC Bassetti.

We call this pattern various names — not all of them appropriate for a family investment news letter — flush and surge, 1-2-3, tight downwave, bull fake out, pump and head fake …

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Apocalypse then… happy valentine…

Posted on Feb 13, 2010 by WHC Bassetti.

As we approach the anniversary of the March 2008 apocalypse (funny how fast a year passes when you’re having fun) a biopsy of the market is in order.  (If the market doesn’t need a stent, we might.)

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Doodling with the Dow

Posted on Feb 10, 2010 by WHC Bassetti.

True to form the market is confused — or maybe it’s us who are confused.  The lack of follow through today is not encouraging — but as we said it’s just sex drugs and rock and roll –no that’s not what we said.  We said it was fencing.  Perhaps Bernanke’s non testamony affected the market today, and the market is also waiting for Greece to sink or swim.  News driven market.

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