Had enough already? Say uncle or we’ll hit you again.

• Post author:WHC Bassetti
• Post published:May 27, 2010
• Post category:Letters
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Yawn.  As Peggy Lee used to sing, Is that all there is? Let's make clear what is going on here.  Contrarians, bears, shorts are trying to take out the February…

Continue Reading Had enough already? Say uncle or we’ll hit you again.

Bungee markets continue. Dow faints of dizziness.

• Post author:WHC Bassetti
• Post published:May 25, 2010
• Post category:Letters
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Once again today looks like a reversal day.  The Dow was down 290 points in the first five or ten minutes and spent the rest of the day clawing its…

Continue Reading Bungee markets continue. Dow faints of dizziness.

Change of direction? Change of rhythm? Musical chairs again?

• Post author:WHC Bassetti
• Post published:May 22, 2010
• Post category:Letters
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Analysis is a funny business.  It's a good thing that it's only money at issue here and not blood and lives.  What's that?  Money is blood?  Well, yes, it can…

Continue Reading Change of direction? Change of rhythm? Musical chairs again?

Broken major trendline. Serious consequences.

• Post author:WHC Bassetti
• Post published:May 20, 2010
• Post category:Free Letters / Letters
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While it is entirely possible that prices will climb back above the trendline now being violated taht is not the way to bet at the moment.  As for the knife…

Continue Reading Broken major trendline. Serious consequences.

$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…

Continue Reading $spx, $indu — a reversal day?