Analyzing the downwave….

• Post author:WHC Bassetti
• Post published:June 19, 2011
• Post category:Letters
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We are now in a 35 day downwave which is 7.87% down from the top.  It has tripped the Variant 2 new high stop, but, as may be seen from…

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Greased pig market…

• Post author:WHC Bassetti
• Post published:June 15, 2011
• Post category:Letters
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Technicians note that a failed signal, followed by a signal in the opposite direction, is a high probability bet, meaning that today's cancelation of yesterday's power bar presages further downside.…

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Belaboring the obvious–downwave ends.

• Post author:WHC Bassetti
• Post published:June 14, 2011
• Post category:Letters
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Power bars like this almost invariably mark the end of downwaves.  Meaning traders who are short will now see their profits eaten if they don't reverse.  It is largely a…

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Broken trendlines come home to roost…

• Post author:WHC Bassetti
• Post published:June 10, 2011
• Post category:Letters
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All the omens are bad -- said the Delphic oracle to Cyrus...  The Dow Theory just threw off a sell signal, the long term trendlines from March 09 (!) are…

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SLV. Up or down?

• Post author:WHC Bassetti
• Post published:June 6, 2011
• Post category:Letters
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We never, never, never (what never? well, hardly ever) debate a market situation.  That way lies madness.  We put our analysis on the table, listen carefully to any technical criticisms…

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