…….and just for fun…….
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.
Wow. Just Wow.
I have been awake since yesterday, and this market has been like the Battle of Verdun. Fortunes were made and lost today. Lives were changed, some for the better, some for the worse. Trading profitably in a market like this is very, very, very hard. Very.
My profits were substantial today, but being the kind who never gets tired of self-flagellation, they could have been a lot bigger. I have a very mixed portfolio at this point – – a large quantity of puts and shorts whose stops I have tightened up, and a large quantity of long positions, including several very substantial index call positions that were acquired at very good prices today and are way into the green. Check out my watch lists to see.
I've got a pretty full afternoon. I will do a post later, although it probably won't be anything epic. I think we've all got to meditate a bit on what today was all about and where to go from here. Phew!!
NASDAQ Fibonacci Targets Hit
An hour left to go in this brutal day……..every time there's a little uptick, the selling smacks it down again! One wonders if this major Fib levels will hold…….
Stretch Armstrong
God Almighty…………the Dow down nearly 800 points……….
I think I'm going to share with our military a new torture technique – – – show the inmates the index put positions I closed out a couple of weeks ago and how many hundreds of thousands of dollars they've gone up in price. It's pretty effective!
I like a bear market as much as the next fella, but today's action is stretching prices almost to the point of incredulity. I am simply blown away. When will the selling stop?
Hunkering Down
Obviously there is a huge washout going on. Keep in mind that I have virtually ALL the puts I started with. I did get index calls, which are getting brutalized. We shall see. This is probably "the big day" we've all been anticipating.
