oct09 – Technical Analysis of Stock Trends

Fool’s errand.

Post author:WHC Bassetti
Post published:October 30, 2009
Post category:Letters
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At 10:27 San Francisco time with the market looking like this we increased our hedges and are now net short the indices. As we said earlier attempting to trade these…

Bulls retreat, noses bloodied.

Post author:WHC Bassetti
Post published:October 30, 2009
Post category:Letters
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30 minute chart of Dow, last 10 days. So we put a partial hedge back on. We're beginning to feel like day traders and we don't like it at all.…

Bears retreat, noses bloodied.

Post author:WHC Bassetti
Post published:October 29, 2009
Post category:Letters
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What a difference a day makes. This looks to us like the end of the flush, so we lifted our hedges. Don't get too comfortable though. We think there re…

Bears on the prowl.

Post author:WHC Bassetti
Post published:October 26, 2009
Post category:Letters
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The last few days there have been signs that the bears are on the prowl. Wednesday in the last hour of trading (which is when the bears come out to…

Dow waves roll on…

Post author:WHC Bassetti
Post published:October 22, 2009
Post category:Letters
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Since March 9 the Dow has made an orderly march upwards, if not an April upwards. Wave studies are always interesting so it is interesting to observe what is happening…

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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