Note stop executed back there in January

Posted on Jun 20, 2008 by WHC Bassetti.

0

Note vindication of extreme uneasiness during the putative breakout of May. (The bull trap.) At the moment it looks like pretty big momentum on the Dow may find some support. That’s the bottom of the trading range. For some reason (who knows) the market has been surprisingly resilient in the face of really daunting economic realities.

Continue Reading

Friday the 13th and all that…

Posted on Jun 13, 2008 by WHC Bassetti.

0

There have actually been two valid short basing points in this downtrend and there is as yet no sign of a bottom. It has been a mystery to us anyway how the chart could have broken above 128, except as a bull trap, which now appears to be the case. We have been saying for months that there were limited opportunities in indices and now we think that more than ever.

Continue Reading

Never a dull moment, and some very sharp falling knives…

Posted on Jun 06, 2008 by WHC Bassetti.

0

Sometimes we wonder if we’re too clever by half, or not dumb enough by a quarter. The falling knife will be examined in the last panel this week. Sell in May and go away? Wouldn’t have been a bad idea. The May bulge begins to look like a bull trap. We won’t review our analytical agonies over the past few weeks as that would be boring (more boring to you than to us). This downwave is not finished by any means. And the trend momentum is down. So, that is, major trend momentum sideways, minor trend down. Capital should be flowing to sectors which are moving. Oil, commodities, metals and SURPRISE see last panel.

Continue Reading

Sell in May and go away???

Posted on May 30, 2008 by WHC Bassetti.

0

These are times that try analysts’ souls, as Thomas Paine said. Whipsaws and treacherous markets will do that to not just analysts, but to everyone. One chart thing is for sure: prices are range bound between 3 and 3. Where they are going next is anyone’s guess. So how do you analyze a conundrum?

Continue Reading

Win some, lose some. Let the winners run and cut the losers and you’ll wind up as rich as Jesse Livermore.

Posted on May 23, 2008 by WHC Bassetti.

0

Double bottom? Extended trading range? Pain in the Posterior Pattern? Some of all of the above. For all intents and purposes nothing is decided in stocks. This week’s hammering throws in doubt everything in May, if not April also. You will remember our comments that it was a situation to dip a toe into. Hopefully the piranhas don’t get the toe.

Continue Reading

 Page 70 of 75  « First  ... « 68  69  70  71  72 » ...  Last »