drift surge – Technical Analysis of Stock Trends

Surge, drift, flush pattern persists — so far. Don’t snooze off.

Post author:WHC Bassetti
Post published:November 22, 2009
Post category:Letters
Post comments:0 Comments

We are now in the drift part of the pattern after a surprising one day surge at the top. This is better illustrated in the chart below. At the moment…

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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Surge, drift, flush pattern persists — so far. Don’t snooze off.