Letters – Page 204 – Technical Analysis of Stock Trends

Tipping point? What’s the point?

Post author:WHC Bassetti
Post published:May 13, 2009
Post category:Letters
Post comments:2 Comments

We have been looking for the start of the downwave for some days. In these cases you never know till later, but that is soon enough. Today we bought…

Hi-yo….

Post author:WHC Bassetti
Post published:May 12, 2009
Post category:Letters
Post comments:1 Comment

The Lone Ranger rides again. Back in the '60s when we were the installation engineer for the first major CDC computers in Mexico we were amused by the Mexican programmers…

Gassing up.

Post author:WHC Bassetti
Post published:May 9, 2009
Post category:Letters
Post comments:0 Comments

Belaboring the obvious. Get gassed. Gas has gassed alot of people who can't stand an oversold market. But here is some activity that looks worth making a bet on. What…

Every 44 has a silver lining

Post author:WHC Bassetti
Post published:May 9, 2009
Post category:Letters
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Friday came and went and the wave pushed on upwards. Strange. Usually when our black box paranoia system flashes storm signals there is some kind of drama. Then again prediction…

44?

Post author:WHC Bassetti
Post published:May 7, 2009
Post category:Letters
Post comments:0 Comments

The present wave in the SPX (and the other indices) has now carried 44 days and gained 39% from the bottom. It is Thursday and tomorrow is Friday. That might…

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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