Technical Analysis of Stock Trends

Misc. cats and dogs —join the edwards-magee google group

Posted on Dec 29, 2009 by WHC Bassetti.

Occasionally we run across  something which we don’t think worth a letter here.  This is one of those issues:  FRMS.  But it might be worth a speculative short.  Stopped 2% above today’s high.

If this is not worth a letter here why have we published a letter here?  Damned if we know.  Actually we post it here to encourage our readers here to join the edwards-magee googlegroup.

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Sold the euro. Good trade. Still short.

Posted on Dec 19, 2009 by WHC Bassetti.

Though not into hype or chest beating (except when about to grab a jungle vine and swing with Jane) the euro trade deserves to be recalled.  We bought UUP which is a way to play it — more or less like taking a shower in a raincoat.  Had this been done in the FX markets ….

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Fool’s errand.

Posted on Oct 30, 2009 by WHC Bassetti.

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 minor waves is a fool’s errand.  Of course we have an analysis, and it is based on the earlier intraday chart, which shows a prevailing short term downtrend.

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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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