$spx, $indu — a reversal day?

• Post author:WHC Bassetti
• Post published:May 17, 2010
• Post category:Letters
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Today looks very like a reversal day.  After markets selling off earlier in Asia an excursion over 100 points down was completely expectable.  To reverse field and finish up on…

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Was that a truck that hit us? No just a computer glitch. GLD and $INDU.

• Post author:WHC Bassetti
• Post published:May 11, 2010
• Post category:Letters
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As we expected Monday brought a vigorous bounce from the chaos of last week.  Tuesday, today, results in a neutral day.  We may well see another attempt to take the…

Continue Reading Was that a truck that hit us? No just a computer glitch. GLD and $INDU.

Dizzy yet? Maybe it was all just a computer mistake. Some comments on a crazy day.

• Post author:WHC Bassetti
• Post published:May 6, 2010
• Post category:Letters
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After watching the bungee markets (and being deceived by some of them) we learned that part of this day's market action may have been caused by computer problems and part…

Continue Reading Dizzy yet? Maybe it was all just a computer mistake. Some comments on a crazy day.

Explaining the hedge trade SPXU and GLD

• Post author:WHC Bassetti
• Post published:May 1, 2010
• Post category:Letters / Uncategorized
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Friday we put on a partial hedge as an inept response to the present market.  We'll probably get egg on our face and be proven impatient again.  But here is…

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PALM ing the EURO. Waving the Dow.

• Post author:WHC Bassetti
• Post published:April 29, 2010
• Post category:Letters / Uncategorized
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PALM.  A shell game? Still down.  System wins again. Still up.  System wins again. As we pointed out, PALM was a shell game.  The takeover price is a disappointment if…

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