Technical Analysis of Stock Trends

A questionnaire.

Posted on Mar 20, 2010 by WHC Bassetti.

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

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Dow Downwave.

Posted on Mar 20, 2010 by WHC Bassetti.

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’s it folks!!.

Smart (and impatient and restless) technicians and traders have been talking for a week or so about selling new highs, and they did so Friday.  That and profit taking after 8 days up (an almost certain play for a downside bet) combined to produce the volume bar.

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Dow Waves: Time for a downwave?

Posted on Mar 18, 2010 by WHC Bassetti.

What’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’s like yin and yang, black and white, love and marriage, horse and carriage, etc and op cit, etc.   But there’s nothing to do, except think.  Because the stop remains where it was, since there has been no higher Basing Point generated.

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Interesting speculations for bored readers: BBX

Posted on Mar 16, 2010 by WHC Bassetti.

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 a Basing Point with a stop 4-5% down.  If it breaks the highs put on another and so on.

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ABT. ???

Posted on Mar 16, 2010 by WHC Bassetti.

A reader aptly noted that our ABT chart was not accurate.  We spent some time trying to reconstruct what we had done originally — 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 an accurate Basing Point.  As for ABT it is sideways mule trend and there is no buy or sell signal.

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