Buy buy buy… or, bye bye, downwave

• Post author:WHC Bassetti
• Post published:June 29, 2011
• Post category:Letters
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The pattern seen above is being repeated all across the markets, from the IWM and MVV to the Qs.  We are buying the major indices, expecting it to turn into…

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Bonds breakout (on the downside)

• Post author:WHC Bassetti
• Post published:June 29, 2011
• Post category:Letters
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A clear signal that this wave of the bonds is ended and the bet is that a downwave is to come.  We are buying TBT to short the bonds.  Meanwhile…

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Silver bullets and silver linings…

• Post author:WHC Bassetti
• Post published:June 25, 2011
• Post category:Letters
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Looking at the silver chart against the gold chart several technical features immediately manifest themselves. The long term trendline which still holds out hope (uh-oh. Hope is the thing with…

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No old bold pilots….

• Post author:WHC Bassetti
• Post published:June 24, 2011
• Post category:Letters
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There are bold pilots and old pilots, but there are no old bold pilots.  So said the Red Baron.  The aggressive buy signal we saw several days ago has been…

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Analyzing the downwave….

• Post author:WHC Bassetti
• Post published:June 19, 2011
• Post category:Letters
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We are now in a 35 day downwave which is 7.87% down from the top.  It has tripped the Variant 2 new high stop, but, as may be seen from…

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