Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Major Reversal for Gold?
I’ve encountered many different people in the nearly dozen years I’ve been doing this blog, and one I remember well is a chap named Hector who reached out in the late stages of the financial crisis. He had created his own style of charting that, if memory serves, he called Heccis Charts, and he provided one that was published in the autumn of 2008 that showed a huge reversal coming in NASDAQ (that is, a major buying opportunity). Suffice it to say, Hector was right.
I haven’t heard from him in years, but today – voila – he’s in my inbox again, and he gave a chart with me he wanted to share with Slopers. I hereby present………..
A Word of Caution
Here is a 5 day timeframe of a 1 minute chart of SPY vs the VIX.
Don’t be a sucker (attn: bulls).
I’ll have another post to write up after today. There have been some very interesting developments today indeed.
Crude’s Intraday Top
The last bastion for bears these days appears to be crude oil. Now that the OPEC cat is out of the bag, we can actually focus on simple economics, and it’s pretty clear that the worldwide glut in oil isn’t about to abate. Looking at the intraday chart, I’d say oil is ripe for some more slippage.