Tag Archives: etcetc

Cobra and guinea pig…

Posted on Jan 29, 2011 by WHC Bassetti.

0

We have been watching this chart with rapt fascination for months — the way a guinea pig watches a cobra which is about to eat him.  And then yesterday he ate us.

Continue Reading

Dump, bump, run — BAC C EEB NYC SLV ETCETC

Posted on Feb 19, 2010 by WHC Bassetti.

0

100219bacWe have previously pointed out this pattern, which occurs on “corrective” downwaves of short duration.  The sharp sell off starting a downwave, the rally within the plunge, continued price deteoration.  This pattern allows the drawing of a tight downtrend line.  When broken by a power bar or a stong gap this furnishes a buy signal.  As to whether this buy signal will initiate a real trend is not known until the top of the “bump” wave is taken out, and then the top of the “dump” wave is taken out.

Continue Reading

FXE, EEB, CRIS, DJP, SLV, QQQQ, DIA, SPY. We told you so….

Posted on Jan 30, 2010 by WHC Bassetti.

1

100129fxe

The list above is only a partial one.  It is a list of issues we have recently disrespected, sneered at, denigrated and bailed out of. Add to it EEB, NYC, and TBT.  And what about GLD and SLV (as we have said we are hedge these, or radically lightened up).

Continue Reading

Busy, busy, busy…DJP, GLD, FAS, ETCETC

Posted on Jan 21, 2010 by WHC Bassetti.

1

100121djp

100121gldBusy… (cf.  Vonnegut and Bokononists).  The brokers were glad to see us coming.  We took profits on a bunch of stuff, ranging from 10 to 20% in DJP, SSO, GLD, DIA, QQQQ.

We hedged part of our gold positions with GLL (short gold) and our index positions with SPXU.

Continue Reading

Buy, buy, buy. Buy with both hands. Mortgage your house… do what?

Posted on Jan 05, 2010 by WHC Bassetti.

0

100105spxAfter  a good night’s sleep and a fizzle of a Fiesta Bowl we looked at a bunch of markets and all we see are buy signals.  This is nothing but what we’ve been saying for months — like F:

100105fWe have triple digit returns in F and are adding on.  If you’re not and haven’t you will be taken out behind the woodshed and taught a lesson in trend analysis.

Continue Reading