A most interesting line…

• Post author:WHC Bassetti
• Post published:June 29, 2009
• Post category:Letters
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The horizontal trend line (we often call them signal lines) under the present formation (878.92 on our chart -- ignore the yellow box with the 768.82 in it) is right…

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Is this it? See evidence….

• Post author:WHC Bassetti
• Post published:June 15, 2009
• Post category:Letters
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Today's action presents some delicious uncertainties.  A 2.38% downday in the SPX, and interestingly the penetration of the 10 day low.  Last week we conjectured that the coiling nature of…

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Sidewinder…

• Post author:WHC Bassetti
• Post published:June 12, 2009
• Post category:Letters
• Post comments:2 Comments

We are now into the 28th day of sideways markets.  The last 9 days are especially ominous with the market coiling in a very narrow range.  Any minute all hell…

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What were they thinking?

• Post author:WHC Bassetti
• Post published:May 27, 2009
• Post category:Letters
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Sometimes it's difficult to comprehend trader behavior.  Yesterday they bought stocks like the bear market was over.  For no rational reason.  Oh, yes, consumer sentiment, supposedly.  Didn't they know yesterday…

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44?

• Post author:WHC Bassetti
• Post published:May 7, 2009
• Post category:Letters
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The present wave in the SPX (and the other indices) has now carried 44 days and gained 39% from the bottom.  It is Thursday and tomorrow is Friday.  That might…

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