Technical Analysis of Stock Trends

Bull gores doubters…

Posted on Mar 25, 2011 by WHC Bassetti.

As is seen in this chart the dump-bump-dump pattern has been completed.  A buy signal for those who have not already bought or added on.  Another signal will occur when the high is taken out.  Taking all these signals would be the mark of a very aggressive trader, and taking none of them would be perhaps too conservative.  You will remember our dictum that even conservative investors should add on to profitable positions in long strong trends.  And what we have going here is a long strong trend.  Readers will also remember that we never forecast or predict.

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INDU — wave low marked…

Posted on Mar 23, 2011 by WHC Bassetti.

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=215498479

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Market practical joke — what it means… the Dow and the SPX

Posted on Mar 18, 2011 by WHC Bassetti.

The SPX stop was tripped by .95.  The market likes to do this.  Pick your stop off and soar back up.  What do you do?  You hop right back on, and the context is always important.  But usually you can lean on the power bar.  Here two power bars may have canceled the probing black power bar down.

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Re: stops hit in the S&P and teetering in the Dow

Posted on Mar 16, 2011 by WHC Bassetti.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=214966864

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The great trend in the INDU — Mar 09 to present

Posted on Mar 12, 2011 by WHC Bassetti.

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=2&mn=3&dy=0&id=p21251836326&a=227822935

Here is a spectacular view of the great trend since Mar 09.  The Basing Point stops we have been discussing recently are better illustrated here: Reading down, V2 new high stop: 11565.xx, V1 Wave Low stops:  5%: 10382.xx, 6% 10273.xx.  The link will allow readers to view it  blown up.

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