Another sell signal…

• Post author:WHC Bassetti
• Post published:July 2, 2009
• Post category:Letters
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Today's action broke the closing lows of 26 days, and constitutes a sell signal for us.  Of course we already sold some time ago but for multi unit traders this…

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Pruning for the downwave…

• Post author:WHC Bassetti
• Post published:July 2, 2009
• Post category:Letters
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We sold AIG, scaled out of FRE and FNM.  Profits ranged from 5 to 30%.  Our Ford profits are in the 300%+ range and our BAC profits are also exorbitant. …

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More lottery tickets… of a rare nature, these

• Post author:WHC Bassetti
• Post published:July 2, 2009
• Post category:Letters
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(more…)

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A most interesting line…

• Post author:WHC Bassetti
• Post published:June 29, 2009
• Post category:Letters
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The horizontal trend line (we often call them signal lines) under the present formation (878.92 on our chart -- ignore the yellow box with the 768.82 in it) is right…

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Who’s afraid of the big bad 200 day moving average?

• Post author:WHC Bassetti
• Post published:June 25, 2009
• Post category:Letters
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The simplest, and simple-mindedest, moving average system is to buy when price crosses above the moving average and sell when price falls below the moving average.  Of course in mule,…

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