WHC Bassetti – Page 170 – Technical Analysis of Stock Trends

Gold.

Post author:WHC Bassetti
Post published:February 25, 2010
Post category:Letters
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This is not a positive picture, but perhaps not all is lost. Two lower highs have been made and lower lows. The Basing Point stop is illustrated, and we would …

4 days up…downwave in INDU

Post author:WHC Bassetti
Post published:February 25, 2010
Post category:Letters
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Most readers are unaware (blessedly) that a species of technical gnome sits in his garret and computes what happens when the market is up 4 (or down 4) days --…

FXE. How to really trade the euro…

Post author:WHC Bassetti
Post published:February 23, 2010
Post category:Letters
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In reality no one could quarrel with our management of the euro trade. Except ourselves. We have been spooked three times during this trend and tried to outguess the Basing…

Betwixt and between…INDU wave analysis

Post author:WHC Bassetti
Post published:February 23, 2010
Post category:Letters
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We pointed out (the 11th or 12th Feb) that price was between the bump high and the low. The bump high has now been taken out which is of course…

Dump, bump, run — BAC C EEB NYC SLV ETCETC

Post author:WHC Bassetti
Post published:February 19, 2010
Post category:Letters
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We have previously pointed out this pattern, which occurs on "corrective" downwaves of short duration. The sharp sell off starting a downwave, the rally within the plunge, continued price deteoration. …

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 Tenth Edition of Technical Analysis of Stock Trends, widely considered to be one of the true classics of market analysis.

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