Spring springs eternal….

• Post author:WHC Bassetti
• Post published:April 29, 2012
• Post category:Letters
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The entire chart is a reminder of where we came from -- the broken trendlines from October -- and also the broken long term downtrend line from 07.  Trendline D,…

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Revenge of the Apple…

• Post author:WHC Bassetti
• Post published:April 26, 2012
• Post category:Letters
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It didn't take Apple long to justify our last letter.  One day.  The huge earnings gap stuck a finger in the eye to doubters, and the long term approach we…

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The Lesson of the century… watch closely…

• Post author:WHC Bassetti
• Post published:April 21, 2012
• Post category:Letters
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Yes, of course, it's AAPL.  And here is another way to look at it. Daily chart above, weekly chart below.  If you looked at the weekly chart as though it…

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Loves Labors Lost…

• Post author:WHC Bassetti
• Post published:April 19, 2012
• Post category:Letters
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Maybe it would be best, Tarantulas labors lost.  The tone of the market is vividly illustrated by today"s price action in the SPX.  A top to bottom range of 20…

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Musical chairs and the tarantella…

• Post author:WHC Bassetti
• Post published:April 14, 2012
• Post category:Letters
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Or dancing with tarantulas.  The markets over the last week or so have had the fingerprints of the big hedge funds on them -- trading aggressively as they grab seats…

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