Breaking away: AIG, C, BAC, TBT

• Post author:WHC Bassetti
• Post published:March 25, 2010
• Post category:Letters
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Don't ask us why, because we never worry about why, but the expected downwave has not yet materialized, and, in fact a number of issues we watch are breaking out: …

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Bull trap. Snap. CNLG. Flags? AIG, C…

• Post author:WHC Bassetti
• Post published:March 23, 2010
• Post category:Letters
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As readers know, we sternly inveigh against rash speculation, gambling and other forms of non-Lutheran fun.  Prudent readers should just be content to beat the market with the indices and…

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F. C. QQQQ. What’s gnu?

• Post author:WHC Bassetti
• Post published:March 9, 2010
• Post category:Letters
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Just in case you might miss it this is an engraved invitation to add on to your C position.  Talk about power bar signals! This is called a breakout.  Good…

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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. …

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Buy, buy, buy. Buy with both hands. Mortgage your house… do what?

• Post author:WHC Bassetti
• Post published:January 5, 2010
• Post category:Letters
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After  a good night's sleep and a fizzle of a Fiesta Bowl we looked at a bunch of markets and all we see are buy signals.  This is nothing but…

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