Tag Archives: hedges
Saluting the flag in the Dow.
Posted on Jan 29, 2010 by WHC Bassetti.
Nailing chart patterns as they develop is akin to sawing naked ladies in half without drawing blood. The market will always have the last word (you may remember the supposed head and shoulders which developed in the Dow from May to July, which everybody and his dog identified) and if the identification sucks you into a bad trade the last word will be “Gotcha!!”
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Long the Dow and the Qs.
Posted on Oct 05, 2009 by WHC Bassetti.
As we pointed out a day or so ago the wave pattern in the indices has been surge, drift, flush ‘em out and surge. Today we lifted our Q and Dow hedges and bought the FAS and the QLD.
Ordinarily we would not be so active. We’re basically lazy and phlegmatic investors. There is nothing we like more than a months (or years) long trade that quietly piles up profits while we snooze.
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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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