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.
If you have a few minutes, I suggest you do an eye-opening experiment, as I did last night……
Glance at the posts from xTrends back in February here. You might even want to look at this post from February 25th which said the market would crash in two weeks (which, as we now know, was precisely correct).
In those days, each post would get hundreds upon hundreds of comments – sometimes thousands!
These days a post might garner a few dozen comments – – including those from snarky dorks.
Try to notice that people crowd into a certain mentality during nadirs and zeniths. I think the fact that xTrends has become so terribly quiet – – – and the fact that, en masse, Slopers seem to have guzzled down the bullish Kool-Aid – – is quite telling!
What a weird morning! The /ES had been marching higher since 1:31 a.m. – – the consumer confidence numbers came in much higher than expected – – the /ES lurched even higher still. And – then – el pukeo.
There are a lot of very pissed-off bulls right now, I can assure you. Because it's not supposed to happen like that. Failed breakouts are not good for the upside.
Good morning, everyone.
Well, it looks like a rough opening for the bears. The /ES is up about 6 points, and the EUR/USD is still holding up strong. I'm very short GLD right now, so I'm bracing myself for the opening bell.
I got up at 4:45 this morning to have a long conversation with 2sweeties (of RetracementLevels.com fame). I learned about the product more deeply and we chatted about some ways to improve how ProphetCharts presents these levels. Even though Skype has been around for years, it's the first time I ever used it, and it was simple and flawless.
I probably will be a little sluggish this morning considering my extra-early awakening………..so I'm going to grab some breakfast and will see you in a while!