Tag Archives: pump
FXE. If PIGS had wings…
Posted on Feb 16, 2010 by WHC Bassetti.
Here it is again — the pump, dump quick pass. We (as marked on the chart) already were long the euro, and this looks like a confirmation — BUT a 2% stop under the low there.
At turns like this the market will throw you more curves and knuckle balls than the the Greeks have letters in their alphabet – let’s see..alpha, beta…but we guess its delta and theta which are most important…
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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 Ninth Edition of Technical Analysis of Stock Trends, widely considered to be one of the true classics of market analysis.
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