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	<title>Technical Analysis of Stock Trends &#187; mar10</title>
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	<link>http://www.edwards-magee.com</link>
	<description>The Foundation Upon Which Technical Analysis is Built - WHC Bassetti</description>
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		<title>Fun and games with the euro &#8211;FXE</title>
		<link>http://www.edwards-magee.com/2010/03/30/fun-and-games-with-the-euro-fxe/</link>
		<comments>http://www.edwards-magee.com/2010/03/30/fun-and-games-with-the-euro-fxe/#comments</comments>
		<pubDate>Wed, 31 Mar 2010 00:39:52 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[fxe]]></category>
		<category><![CDATA[mar10]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1788</guid>
		<description><![CDATA[Interesting.  Today&#8217;s WSJ documents some canny trading by Goldman Sachs and Citi in the euro.  We have marked their reported trades on the chart. These trades are a memorial to the principle that having opinions about the market will get you in trouble and lose money. Where we went sideways in March, and then sold [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Dow upwave&#8230; little train stilll chugging along&#8230;</title>
		<link>http://www.edwards-magee.com/2010/03/27/the-dow-upwave-stilll-chugging-along/</link>
		<comments>http://www.edwards-magee.com/2010/03/27/the-dow-upwave-stilll-chugging-along/#comments</comments>
		<pubDate>Sun, 28 Mar 2010 01:22:22 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[indu]]></category>
		<category><![CDATA[mar10]]></category>
		<category><![CDATA[tsaasf]]></category>
		<category><![CDATA[upwave]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1782</guid>
		<description><![CDATA[Like everyone else in the world we are expecting a downwave &#8212; or a correction, or a retracement or a wipeout&#8211; call it what you will.  Unlike everyone else in the world we don&#8217;t let our expectations or predictions or forecasts interfere with our trading.  We do what the chart says to do, and do [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Breaking away:  AIG, C, BAC, TBT</title>
		<link>http://www.edwards-magee.com/2010/03/25/breaking-away-aig-c-bac-tbt/</link>
		<comments>http://www.edwards-magee.com/2010/03/25/breaking-away-aig-c-bac-tbt/#comments</comments>
		<pubDate>Thu, 25 Mar 2010 17:32:47 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[aig]]></category>
		<category><![CDATA[bac]]></category>
		<category><![CDATA[breakout]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[mar10]]></category>
		<category><![CDATA[tbt]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1778</guid>
		<description><![CDATA[Don&#8217;t ask us why, because we never worry about why, but the expected downwave has not yet materialized, and, in fact a number of issues we watch are breaking out:  BAC, here, and not illustrated, but with similar charts, C, AIG, and TBT. We will be adding on to our commitments in some of these. [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>FXE.  Short the euro.</title>
		<link>http://www.edwards-magee.com/2010/03/24/fxe-short-the-euro/</link>
		<comments>http://www.edwards-magee.com/2010/03/24/fxe-short-the-euro/#comments</comments>
		<pubDate>Wed, 24 Mar 2010 16:37:04 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[downgap]]></category>
		<category><![CDATA[fxe]]></category>
		<category><![CDATA[mar10]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1773</guid>
		<description><![CDATA[Here is an engraved invitation to either short the euro (FXE) or add on. Almost too delicious &#8212; the flush and run and the nudge of the downtrend line.  We of course for our account went sideways.  Wrong.   Ironically the real Basing Point is the 16th at 137.53.  You can of course do this, [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bull trap.  Snap.  CNLG. Flags? AIG, C&#8230;</title>
		<link>http://www.edwards-magee.com/2010/03/23/bull-trap-snap-cnlg-flags-aig-c/</link>
		<comments>http://www.edwards-magee.com/2010/03/23/bull-trap-snap-cnlg-flags-aig-c/#comments</comments>
		<pubDate>Tue, 23 Mar 2010 19:04:38 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[aig]]></category>
		<category><![CDATA[bulltrap]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[cnlg]]></category>
		<category><![CDATA[mar10]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1766</guid>
		<description><![CDATA[As readers know, we sternly inveigh against rash speculation, gambling and other forms of non-Lutheran fun.  Prudent readers should just be content to beat the market with the indices and ETFs and tut-tut as Enron speculators and oil gamblers  go down. Our evil twin Karnak, on the other hand loves the click of the dice [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A questionnaire.</title>
		<link>http://www.edwards-magee.com/2010/03/20/a-questionnaire/</link>
		<comments>http://www.edwards-magee.com/2010/03/20/a-questionnaire/#comments</comments>
		<pubDate>Sat, 20 Mar 2010 18:41:27 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[mar10]]></category>
		<category><![CDATA[questionnaire]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1761</guid>
		<description><![CDATA[Herein a questionnaire which will enable us to serve your interests better.  You can also download a PDF at http://www.edwards-magee.com/ggu/questionnaire.pdf You can fill it out and scan it, the preferable method, or snail mail it.  Thanks. john magee technical analysis::dor ltd box 88 one tamarack road san geronimo ca 94963-0088 www.edwards-magee.com bassetti@edwards-magee.com Greetings and welcome [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Dow Downwave.</title>
		<link>http://www.edwards-magee.com/2010/03/20/dow-downwave/</link>
		<comments>http://www.edwards-magee.com/2010/03/20/dow-downwave/#comments</comments>
		<pubDate>Sat, 20 Mar 2010 18:04:06 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[indu]]></category>
		<category><![CDATA[mar10]]></category>
		<category><![CDATA[wavehigh]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1755</guid>
		<description><![CDATA[As we were saying in our last letter, time for a downwave.  but what is it about this chart that draws the eye? The volume is climactic.  Like an exclamation point.  That&#8217;s it folks!!. Smart (and impatient and restless) technicians and traders have been talking for a week or so about selling new highs, and [...]]]></description>
		<wfw:commentRss>http://www.edwards-magee.com/2010/03/20/dow-downwave/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Dow Waves:  Time for a downwave?</title>
		<link>http://www.edwards-magee.com/2010/03/18/dow-waves-time-for-a-downwave/</link>
		<comments>http://www.edwards-magee.com/2010/03/18/dow-waves-time-for-a-downwave/#comments</comments>
		<pubDate>Thu, 18 Mar 2010 17:34:47 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[indu]]></category>
		<category><![CDATA[mar10]]></category>
		<category><![CDATA[wavehigh]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1751</guid>
		<description><![CDATA[What&#8217;s wrong with this picture?  Think for 30 seconds then read next sentence. Nothing.  Nothing is wrong, but it is incomplete.  It is time to begin thinking about the next downwave, because every upwave must have a downwave (or consolidation) to be complete.  It&#8217;s like yin and yang, black and white, love and marriage, horse [...]]]></description>
		<wfw:commentRss>http://www.edwards-magee.com/2010/03/18/dow-waves-time-for-a-downwave/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Interesting speculations for bored readers:  BBX</title>
		<link>http://www.edwards-magee.com/2010/03/16/interesting-speculations-for-bored-readers-bbx/</link>
		<comments>http://www.edwards-magee.com/2010/03/16/interesting-speculations-for-bored-readers-bbx/#comments</comments>
		<pubDate>Tue, 16 Mar 2010 18:46:11 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[bxx]]></category>
		<category><![CDATA[mar10]]></category>
		<category><![CDATA[spec]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1747</guid>
		<description><![CDATA[Something is obviously going on in BBX.  Look at the volume, the power bars, the runaway bars.  When joining rocket ships it is always wise to put a toe in before putting your head on the line.  Divide capital commitment into 3 to 5 units.  Put 1 on using the low of the day as [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>ABT.  ???</title>
		<link>http://www.edwards-magee.com/2010/03/16/abt/</link>
		<comments>http://www.edwards-magee.com/2010/03/16/abt/#comments</comments>
		<pubDate>Tue, 16 Mar 2010 17:51:13 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[ABT]]></category>
		<category><![CDATA[mar10]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1737</guid>
		<description><![CDATA[A reader aptly noted that our ABT chart was not accurate.  We spent some time trying to reconstruct what we had done originally &#8212; then did what good engineers do when they have a snarl on their hands.  We threw it out and started over.  Here is ABT with a stop of 50.03 and hopefully [...]]]></description>
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