Technical Analysis of Stock Trends

Wake up! Wake up! Santa Claus is finally here.

Posted on Jan 03, 2012 by WHC Bassetti.

Talk about a roman candle for new year’s. Not that we believe it.  We keep telling you that we don’t believe anything except the sports scores.  They wouldn’t dare lie about those. But after months of lying signals and head fakes this looks like a real signal.  So we bought the S&P the gold and the silver. As always we are ready to jump off the train if it doesn’t go on down the road to the super bowl.  But it would be foolish to sleep through this wake up call without placing a bet.

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Haul down the flag…

Posted on Nov 01, 2011 by WHC Bassetti.

Our tattared flag just got canceled so we are hedging our longs with the negative ETF SPXU. Sold TBT, QQQ, GLD AND SLV.

We were obviously in the eye of the hurricane and it may have been a bull trap.  Never a dull moment. As we were saying, they were wrong and it didn’t take long to prove they were wrong.

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They were wrong. Tattered flag? Exiting from the maze…

Posted on Oct 29, 2011 by WHC Bassetti.

We habitually mock, satirize and excoriate the punditry, the financial press, politicians, the Texas Rangers, modernized productions of Shakespeare, supply side economists, Groupon, IPOs, Meg Whitman, banksters, psychopathic CEOs, faux Shakespeareans– but we digress and haven’t even half covered the list, so we will stick to the financial press and punditry over the past several months. SIX STOCKS TO BUY NOW! SEVEN STOCKS TO MAKE YOUR FORTUNE! BUY BUY BUY!

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GLD and SLV..is the game on again?

Posted on Oct 26, 2011 by WHC Bassetti.

These look like signals in gold to us, so we scaled in to a small position as we did in silver.  We don’t have an excess of confidence in the trades, but the chart is the chart and these power bars are how rockets blast off.  Of course some times they blow up before they gain orbit, but that is half the fun.

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Short lived gold trade… breaking treasuries…

Posted on Sep 28, 2011 by WHC Bassetti.

No sooner had there been a buy signal in the gold and silver than it was canceled.  Today.  Right now.  Talk about slippery markets.  We hate to post letter so often, but in these markets it looks like you might as be live full time.  We think some smart guys tried to buy the bottom in gold — the way they did several weeks ago — but his time they outsmarted themselves and bought the falling knife.  We’ll watch it and try to time the next knife.

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