Tag Archives: between points
Betwixt and between…INDU wave analysis
Posted on Feb 23, 2010 by WHC Bassetti.
We pointed out (the 11th or 12th Feb) that price was between the bump high and the low. The bump high has now been taken out which is of course a bull positive. Now price is again betwixt and between — between the July trendline as support and the August trendline as resistance. Also under the Nov 2007 trendline as resistance. Nonetheless investors should still be long the indices as the Basing Point stop was not taken out.
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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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