I found this graph, posted by ZigZag over on Mole's site, to be intriguing.
Oh, and speaking of Mole, here's the picture he keeps bugging me to post.
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.
I Viddied Right At Once What To Do
Trannies Gone Mild
As the bulls charge ahead, and everyone has gold on the brain, I just thought I'd throw out there that the Transports don't seem to be participating. As for me, I do have a series of interesting long opportunities that I'm going to look at this morning; if I buy any, I'll post the more interesting ones here.
The Euro Breakout
Over what might have been an eventful market holiday, all kinds of things were happening:
- The /ES continued to push higher, both during Sunday's trading and Monday's
- Gold has pierced the quadruple-digits, much to the delight of precious metals fans
- The EUR/USD has broken above a very substantive pennant formation
This could be significant. For one thing, Prechter's entire basis for the resumption of the market's fall is a deflationary economy. All signs point to inflation, not deflation.
It remains to be seen whether gold's piercing of $1,000 simply presages a rise hundreds of dollars higher from here, or if this is the gold bugs' "S&P head and shoulders" event, like we experienced this summer. (In other words, great expectations met with a complete disappointment).
