Technical Analysis of Stock Trends

Is Apple going to 1,500? And if not, why not?

Posted on Oct 03, 2009 by WHC Bassetti.

We do love Apple.  We have made dozens of studies of it and use it as an example all the time.  For some weird reason we have never owned it, although our analyses have been extremely accurate.  Just one of those funny things like loving Sandra Bullock, but never owning her.

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Should you be long the Dow? Yes. No. should you be hedged now? Yes. No. Maybe. Have you noticed it’s October?

Posted on Oct 02, 2009 by WHC Bassetti.

This is written during market hours, so it may be completely cockeyed by the close.  But we hedged our long Q and DIA positions.

Why is it we get jumpy in October?  Is it all those fond memories of 1987 etc?  (Actually we made a killing in 1987 in the market — unfortunately the market made a killing too — it killed the company we were running.)

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Hedging the Dow.

Posted on Oct 01, 2009 by WHC Bassetti.

Never one to stand on principle and be run over by a train we will, as a trading tactic, hedge our index longs tomorrow (Friday) and wait to see if the basing point stop is taken out.  We don’t really think this trend has run its course, but there are some negative indications, not the least of which is today’s downdraft.   Volume picked up noticeably the last couple of days and there was a suspicious volume spike at the top.  All your longs (and ours) should be well stopped up.  If in doubt as to placement write and ask.  We reviewed a quantity of ETFs and issues we have previously mentioned here and saw little if anything of a reflection of the move in the Dow — but better safe than sorry.

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