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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Buy Gold. Buy Silver. Gaps. Power bars.

Posted on Nov 03, 2009 by WHC Bassetti.

A gap and a power bar.  About as good a buy signal as you get.  While the pattern is different in silver we think silver has a buy signal also.

As always these signals are not 100% perfect, and given the animus of the Treasury and the Fed for gold we can depend on their efforts to control the market.

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Buy General Mills? Yawn.

Posted on Sep 23, 2009 by WHC Bassetti.

Ordinarily you look at action like this from yesterday’s hot stocks and you see a buy signal.

A clearly defined horizontal line.  A big breakout.  Clear buy signal.

But then you look at the big picture.

Who wants to commit capital for a possible gain of 6 or 7 points?  In the present economic climate we consider it highly unlikely that GIS could take out its old high and make the trade worthwhile.

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Hi yo Silver….

Posted on Jun 15, 2009 by WHC Bassetti.

Not much doubt about this.  We liquidated silver today.  We had previously sold gold but thought silver might be an exception, but today’s gap doesn’t leave much doubt.  Best to wait out the downwave on the sidelines.

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