Teetering at the tipping point…

• Post author:WHC Bassetti
• Post published:June 20, 2009
• Post category:Letters
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The present upwave, started in March is now 76 days long without a "correction" or downwave.  This past week the Dow was down 3+% in what might be the start…

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What’s UUP?

• Post author:WHC Bassetti
• Post published:June 19, 2009
• Post category:Letters
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The last thing  the currency market is going to do is make it easy for you.  But the worm (sometimes known as the dollar) has turned.  Be the early bird.

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Wading through cow patties…

• Post author:WHC Bassetti
• Post published:June 19, 2009
• Post category:Letters
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Traders will turn white around the gills, but we are still long MOO and DBA because we are in it for the long term.  For trading purposes the island reversal…

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Hi yo Silver….

• Post author:WHC Bassetti
• Post published:June 15, 2009
• Post category:Letters
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Not much doubt about this.  We liquidated silver today.  We had previously sold gold but thought silver might be an exception, but today's gap doesn't leave much doubt.  Best to…

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Is this it? See evidence….

• Post author:WHC Bassetti
• Post published:June 15, 2009
• Post category:Letters
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Today's action presents some delicious uncertainties.  A 2.38% downday in the SPX, and interestingly the penetration of the 10 day low.  Last week we conjectured that the coiling nature of…

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