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.

Baltic Dry Index… Freak Show Here

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Here we take a look at the BDI once again and marvel at its complex Inverted Head & Shoulders pattern with compound shoulders. Of course, that is a TA’s way of baffling ’em with technical sounding bullshit when what he really means is ‘look at that freakish thing; I don’t really know what it is but man it looks bullish!’

BDI is a shipping calculation, not an index; and hence, who really knows if it even translates well to a stock chart? But in my highly technical opinion, man, this freak looks bullish (and positive for the global economy). (more…)