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.
The Artful Dodger
I am really, really, really pleased with what happened this morning. The market fell 200 points, and I got the hell out. Perfect.
I've redrawn my IWM Fibonaccis slightly, and I'm happy with the results. Please take note. This market rocks.
By the way, I reloaded my Russell puts when the IWM was at the level shown here (66.83). I am what Willis what talking about.
Ka-Ching! Thank you, and come again!
I am usually really, really good about following my three rules, but on a morning like this (when the GLOBEX has been getting assailed all through the night and we open down 200 points), I am OK making an exception to my "no action in the first 30 minutes" rule. I felt the indexes were stretched pretty hard to the downside, so I closed out my $SPX and $RUT puts for great profits, having acquired them just two days ago during the huge 416 point rally.
Anyway, I'm sorta kinda keeping an eye on the IWM pulling back up to about 66.17 or so. As of the moment, I have no index puts (again).
Whee!
What can I say? We are stronger than $1 trillion in government bull bailout money.
No time for pretty pictures. Just get in there and take money away from those bull bastards. That's your job.
Everybody Dies Frustrated and Sad
