Technical Analysis of Stock Trends

Flags flying…

Posted on Oct 24, 2011 by WHC Bassetti.

This chart is deliberately not annotated.  The reason is to call attention to the formation since Oct. 3.  It looks suspiciously like a flag.  To remind you, a flag appears on a flagpole halfway through the wave, implying that we will now see upside to equal the distance prices have come from Oct 3 to the flag bottom.

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Buy! Buy! Buy! Well, enough of hype, but in fact there is a Dow buy signal today

Posted on Oct 14, 2009 by WHC Bassetti.

In two minutes traders drove the Dow 80 points through the previous high and  then above 10,000 (after this chart).  These are two very important points.  As we all know the market can crash tomorrow.  And if it does we will hedge or exit.  Today we buy.

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Sell the Dow. Buy the S&P.

Posted on Oct 08, 2009 by WHC Bassetti.

No. No. No.  That’s not what we mean at all, if you know what we mean.  But oftimes the meaning of meaning can be obscure, as Wittgenstein noted.

What we mean is this.  After a forty year love affair with the Dow we’re moving on to faster company.  Ta-da.  The S&P 500.

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