jan11 – Technical Analysis of Stock Trends

Cobra and guinea pig…

Post author:WHC Bassetti
Post published:January 29, 2011
Post category:Letters
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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…

Gold! Gold! Gold in….

Post author:WHC Bassetti
Post published:January 28, 2011
Post category:Letters
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Looks like a buy signal to us. We're buying some. Interestingly, bouncing right off the trend line. Strange how these serendipitous things happen. Same with silver.

Crest of the wave. Downwave starts.

Post author:WHC Bassetti
Post published:January 28, 2011
Post category:Letters
Post comments:1 Comment

After 41 days of glacial drift upwards and (including today) 2 days of downdraft it looks like the wave has crested. And this would appear to be the undertow day. …

Buy signals.

Post author:WHC Bassetti
Post published:January 24, 2011
Post category:Letters
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108 points in the Dow. And power bars all over the place. We will be adding on to our positions shortly. There is absolutely no sign of a downwave or…

Full moon madness. And silver and gold

Post author:WHC Bassetti
Post published:January 22, 2011
Post category:Letters
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Wednesday the werewolves and were-market makers and Goldman hammered the financials in honor of the full moon. but the trend in the major indices sails serenely on. This wave is…

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 Tenth Edition of Technical Analysis of Stock Trends, widely considered to be one of the true classics of market analysis.

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