Sacred Chickens, the Holy Grail and Dow Theory: Replacing Dow Theory with John Magee's Basing Points Procedure - Paperback

by W. H. C. Bassetti (Author)

This book is a thorough study of the performance of Dow Theory signals since its inception in 1897. The Theory is explained and analyzed and compared to a procedure developed by John Magee mid-twentyth century. John Magee was a prominent analyst and author who co-authored the foundation work of technical analysis, Technical Analysis of Stock Trends, now in its 10th Edition as edited and coauthored by W.H.C. Bassetti.

Author Biography

W.H.C. (Charles) Bassetti Client and then student of John Magee, Charles Bassetti has been trading for over fifty years. He was a principal and vice-president of California's first licensed Commodity Trading Advisor, CEO of Options Research Inc the first company to computerize the Black-Scholes model. (And a classmate of Fischer Black at Harvard.) He founded Micro Options Research Corp which implemented ORI systems on S&P computers. He founded Options Research and Trading Ltd. which traded a seat on the Pacific Coast Exchange. In an earlier incarnation he was the installation systems engineer on the implementation of the Saturn Rocket Systems at NASA New Orleans. He was the Project Engineer on the installation of the first major Control Data computers in Mexico, where he also was CEO of a computer services company. Since 1999 as a Distinguished Adjunct Professor he has taught a graduate seminar at Golden Gate University in San Francisco. During this time he has written an investment letter on the web at edwards-magee.com. The letter has been right the market on ever major trend during that time. He is the editor and preserver of Magee's works: Editor of the second, revised edition of Magee's book General Semantics of Wall Street. Editor/coauthor of the eighth ninth and tenth editions of Edwards & Magee's Technical Analysis of Stock Trends. Editor/coauthor 2nd edition Analyzing Bar Charts for Profit. (Feb 2002) (retitled The Introduction to the Magee System of Technical Analysis. He is also the author of five other books, Zen Simple. Beat the Market with a Ruler; Sacred Chickens, the Holy Grail and Dow Theory; Signals; 10 Trading Lessons; StairStops. He is also the author of Shake-speare's Sonnets: Analyzed. His favorite reader comment is "Reading Charles Bassetti is like watching the Lippizaners dance."