INDU. State of the market.

• Post author:WHC Bassetti
• Post published:May 21, 2011
• Post category:Letters
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Five years of the Dow.  And everyone and his dog (of the Dow) is anxiously asking what's next (?).  Well, what is next?  First of all a trend this powerful…

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Bonds go North. Stocks go South. We go to the Giants game.

• Post author:WHC Bassetti
• Post published:May 17, 2011
• Post category:Letters / Uncategorized
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To start with we don't like the way things are shaping up here.  A minor trendline just broken in the INDU -- in fact two broken, the horizontal and the…

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Confusion rains. River floods.

• Post author:WHC Bassetti
• Post published:May 15, 2011
• Post category:Letters
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The Mississippi floods and the punditry leaks just as much wisdom confusion and nonsense -- and the markets seem to be listening.  Everybody's got an opinion -- unfortunately.  Big names…

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Cross winds and clear air turbulence continue —

• Post author:WHC Bassetti
• Post published:May 11, 2011
• Post category:Letters
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We got tired of writing dump-bump-dump... and so we have renamed our little pattern the alpha-beta-gamma--zeta pattern, or abg-z. It has particular resonance right now because it applies to two…

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Shorts taking it in the shorts. Pundits too.

• Post author:WHC Bassetti
• Post published:April 30, 2011
• Post category:Letters
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Here is a good picture of where things are really at.  Pundits, talking heads and shorts rejoice each time we get a downwave thinking that THIS IS IT, THE BEGINNING…

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