I actually have a ton of trading ideas to share, but I’m not going to be in a position to record the videos until tonight (yes, I’m apologizing for not delivering to you…….on a Sunday…on a holiday weekend…..for a service you get for free……..so that I can tell you about a charting product I’m paying to have developed………..which you can also use for free. So, yeah, I’m soooooooooo sorry). If you’re not a Slope Plus member, please consider joining us. They keep this place running, and God bless ’em!
Anyway. Back to SlopeCharts…….
The Slope of Hope has, over its many years, become a technological treasure trove unto itself. Besides an astonishing amount of content (nearly 20,000) posts, we have our own comments system, the best in the world, and the completely unique SocialTrade system (which even has a Virtual Reality version). There is the premium Slope PLUS membership and, most recently, the marvelous SlopeCharts product.
This last one has been changing and improving the most recently, and I have another important feature to tell you about. When looking at a chart, right-click anywhere in the blank area, and you will see this menu pop up:
Editor’s Note: What you are about to read is dead wrong. So keep reading, because there’s a correction later…………
As I mentioned when SlopeCharts was introduced, one advantage of forcing me off ProphetCharts (which I have been using for a dozen years) was that I would get a fresh perspective on the markets. With all my symbols, trendlines, and other embellishments gone, I’d be able to perhaps shake off some old biases (or at least reduce them).
In that spirit, I offer this rather surprising post, in which I offer up the prospect of equity markets rising another 10% or so. Now perhaps my stating such a thing – – me, the permabear, saying something broadly bullish – – will be taken by some as a sign of the market top. I’ll happily exchange ridicule for top-ticking a market in exchange for a true downtrend! But regardless, here we go……….
One of my readers sent me this email, and I asked him permission to post it, which he kindly gave:
I’ve read a few times that your bloggers/commenters do not understand how bitcoin works but they will trade it anyway. I know pretty extensively how bitcoin and other cryptocurrencies work. Being a bitcoin/litecoin miner and promoter from years ago I thought I’d let you know a few things. If you want me to elaborate let me know but I felt compelled to email you a few things. (more…)