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	<title>Technical Analysis of Stock Trends &#187; dec09</title>
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	<link>http://www.edwards-magee.com</link>
	<description>The Foundation Upon Which Technical Analysis is Built - WHC Bassetti</description>
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		<title>Good riddance to this decade.  Happy New Year to you.</title>
		<link>http://www.edwards-magee.com/2009/12/31/good-riddance-to-this-decade-happy-new-year-to-you/</link>
		<comments>http://www.edwards-magee.com/2009/12/31/good-riddance-to-this-decade-happy-new-year-to-you/#comments</comments>
		<pubDate>Fri, 01 Jan 2010 00:38:45 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[dec09]]></category>
		<category><![CDATA[indu]]></category>
		<category><![CDATA[table]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1516</guid>
		<description><![CDATA[As is obvious the sidewave continues, and as we predicted tight coiling volatility was followed by explosive volatility.  Nevertheless today&#8217;s long down day, as can be seen has little if any impact on the pattern (although we don&#8217;t like the impact it has on the value of our portfolio.  We just grin and bear it.).    [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>An alien reads the news (the WSJ is news isn&#8217;t it?  or not?)</title>
		<link>http://www.edwards-magee.com/2009/12/31/an-alien-reads-the-news-the-wsj-is-news-isnt-it-or-not/</link>
		<comments>http://www.edwards-magee.com/2009/12/31/an-alien-reads-the-news-the-wsj-is-news-isnt-it-or-not/#comments</comments>
		<pubDate>Thu, 31 Dec 2009 19:33:26 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Free Letters]]></category>
		<category><![CDATA[Letters]]></category>
		<category><![CDATA[dec09]]></category>
		<category><![CDATA[indu]]></category>
		<category><![CDATA[newyear]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1511</guid>
		<description><![CDATA[Excuse me.  I&#8217;m from the the planet Mars.  (You know, analysts are from Mars, the Wall Street Journal is from Uranus.)  I just arrived on your planet and read this morning&#8217;s WSJ.  The lead headline says &#8220;2009:Banner Year for Stocks&#8221;.  So naturally not knowing about your earth-centric calendrical system and wanting to gain perspective I [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Misc. cats and dogs &#8212;join the edwards-magee google group</title>
		<link>http://www.edwards-magee.com/2009/12/29/misc-cats-and-dogs-join-the-edwards-magee-google-group/</link>
		<comments>http://www.edwards-magee.com/2009/12/29/misc-cats-and-dogs-join-the-edwards-magee-google-group/#comments</comments>
		<pubDate>Tue, 29 Dec 2009 19:07:16 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Free Letters]]></category>
		<category><![CDATA[Letters]]></category>
		<category><![CDATA[dec09]]></category>
		<category><![CDATA[frms]]></category>
		<category><![CDATA[short?]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1507</guid>
		<description><![CDATA[Occasionally we run across  something which we don&#8217;t think worth a letter here.  This is one of those issues:  FRMS.  But it might be worth a speculative short.  Stopped 2% above today&#8217;s high. If this is not worth a letter here why have we published a letter here?  Damned if we know.  Actually we post [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>FRE, FNM, S&amp;P, look like a Christmas stocking</title>
		<link>http://www.edwards-magee.com/2009/12/28/fre-fnm-sp-look-like-a-christmas-stocking/</link>
		<comments>http://www.edwards-magee.com/2009/12/28/fre-fnm-sp-look-like-a-christmas-stocking/#comments</comments>
		<pubDate>Mon, 28 Dec 2009 20:04:01 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[dec09]]></category>
		<category><![CDATA[fnm]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[spx]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1502</guid>
		<description><![CDATA[If these are worthless as that undistinguished New York boutique said, why do people keep buying them?  And besides that they are exhibiting buy signals today.  As an interesting conjecture, could that be a flag?  We&#8217;re going to buy some more on the off chance that it is a flag. And&#8230;&#8230; If this in the [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A Christmas present from us to you&#8230;.</title>
		<link>http://www.edwards-magee.com/2009/12/23/a-christmas-present-from-us-to-you/</link>
		<comments>http://www.edwards-magee.com/2009/12/23/a-christmas-present-from-us-to-you/#comments</comments>
		<pubDate>Wed, 23 Dec 2009 19:26:37 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[dec09]]></category>
		<category><![CDATA[xmas]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1498</guid>
		<description><![CDATA[Jingle bulls, jingle bulls, jingle all the way&#8230;. Nothing is more precious (even gold) to a financial journalist than his readers.  So we thought we would send a Christmas present to our readers. All current subscribers are invited to receive the second (greatly improved) edition of StairStops which will be published in January.  To respond [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>QQQQs throw off buy signal</title>
		<link>http://www.edwards-magee.com/2009/12/23/qqqqs-throw-off-buy-signal/</link>
		<comments>http://www.edwards-magee.com/2009/12/23/qqqqs-throw-off-buy-signal/#comments</comments>
		<pubDate>Wed, 23 Dec 2009 19:19:59 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[buy]]></category>
		<category><![CDATA[dec09]]></category>
		<category><![CDATA[qqqq]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1495</guid>
		<description><![CDATA[This appears to be more than just an extension of the range.  Interesting, and may be a harbinger of things to come in the major indices.  We added to our Qs position.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bond implosion coming.  TBT a way to play it.</title>
		<link>http://www.edwards-magee.com/2009/12/22/bond-implosion-coming-tbt-a-way-to-play-it/</link>
		<comments>http://www.edwards-magee.com/2009/12/22/bond-implosion-coming-tbt-a-way-to-play-it/#comments</comments>
		<pubDate>Tue, 22 Dec 2009 18:57:25 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[dec09]]></category>
		<category><![CDATA[tbt]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1491</guid>
		<description><![CDATA[This looks like buy signals in TBT, a short bond ETF.  We are already long TBT and will add to our position. The punditry is predicting lower bond prices and they are right.  The only question is when and how much and whether the market will gyrate around and give you some pain prior to [...]]]></description>
		<wfw:commentRss>http://www.edwards-magee.com/2009/12/22/bond-implosion-coming-tbt-a-way-to-play-it/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Dow goes rectangular.</title>
		<link>http://www.edwards-magee.com/2009/12/20/dow-goes-rectangular/</link>
		<comments>http://www.edwards-magee.com/2009/12/20/dow-goes-rectangular/#comments</comments>
		<pubDate>Sun, 20 Dec 2009 22:39:13 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[dec09]]></category>
		<category><![CDATA[indu]]></category>
		<category><![CDATA[spxatr]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1486</guid>
		<description><![CDATA[Since July the Dow has advanced in more or less regular waves with the surge drift flush pattern.  Now this pattern appears to be ending and a rectangle is being set up. This honors the observation that an up wave may be followed by a sidewave, as well as a downwave. As the low of [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Sold the euro.  Good trade.  Still short.</title>
		<link>http://www.edwards-magee.com/2009/12/19/sold-the-euro-good-trade-still-short/</link>
		<comments>http://www.edwards-magee.com/2009/12/19/sold-the-euro-good-trade-still-short/#comments</comments>
		<pubDate>Sat, 19 Dec 2009 19:11:21 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[dec09]]></category>
		<category><![CDATA[fxe]]></category>
		<category><![CDATA[short?]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1481</guid>
		<description><![CDATA[Though not into hype or chest beating (except when about to grab a jungle vine and swing with Jane) the euro trade deserves to be recalled.  We bought UUP which is a way to play it &#8212; more or less like taking a shower in a raincoat.  Had this been done in the FX markets [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Busier, busier&#8230;put gold hedge back on</title>
		<link>http://www.edwards-magee.com/2009/12/17/busier-busier-put-gold-hedge-back-on/</link>
		<comments>http://www.edwards-magee.com/2009/12/17/busier-busier-put-gold-hedge-back-on/#comments</comments>
		<pubDate>Thu, 17 Dec 2009 18:53:52 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[dec09]]></category>
		<category><![CDATA[gld]]></category>
		<category><![CDATA[rehedge]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1474</guid>
		<description><![CDATA[30 minute chart of gold.  We lifted the gold hedge yesterday based on this chart.  We&#8217;re putting the hedge back on today based on this chart.  We keep telling readers to invest not trade.  See what a hassle it is?  We didn&#8217;t re-hedge silver and platinum.  Whether or not the current pattern forming in the [...]]]></description>
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		<slash:comments>0</slash:comments>
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