Cobra and guinea pig…

• Post author:WHC Bassetti
• Post published:January 29, 2011
• Post category:Letters
• Post comments:0 Comments

We have been watching this chart with rapt fascination for months -- the way a guinea pig watches a cobra which is about to eat him.  And then yesterday he…

Continue Reading Cobra and guinea pig…

Dump, bump, run — BAC C EEB NYC SLV ETCETC

• Post author:WHC Bassetti
• Post published:February 19, 2010
• Post category:Letters
• Post comments:0 Comments

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. …

Continue Reading Dump, bump, run — BAC C EEB NYC SLV ETCETC

FXE, EEB, CRIS, DJP, SLV, QQQQ, DIA, SPY. We told you so….

• Post author:WHC Bassetti
• Post published:January 30, 2010
• Post category:Letters
• Post comments:1 Comment

The list above is only a partial one.  It is a list of issues we have recently disrespected, sneered at, denigrated and bailed out of. Add to it EEB, NYC,…

Continue Reading FXE, EEB, CRIS, DJP, SLV, QQQQ, DIA, SPY. We told you so….

Busy, busy, busy…DJP, GLD, FAS, ETCETC

• Post author:WHC Bassetti
• Post published:January 21, 2010
• Post category:Letters
• Post comments:1 Comment

Busy... (cf.  Vonnegut and Bokononists).  The brokers were glad to see us coming.  We took profits on a bunch of stuff, ranging from 10 to 20% in DJP, SSO, GLD,…

Continue Reading Busy, busy, busy…DJP, GLD, FAS, ETCETC

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

• Post author:WHC Bassetti
• Post published:January 5, 2010
• Post category:Letters
• Post comments:0 Comments

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…

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