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 believe the breaking of the trendline on IWM, and its current effort to reclaim it, is quite important. Although I don't intend to get fully short until later in the week, I've begun shorting select positions. I'm starting conservatively – IWM and BAC for now – but am going through about 1,000 charts to look for ideal opportunities.
I'm not going to be that prolific a blogger for the next day or two. I'm very busy getting ready. Once I am fully "in position", I'll crank up the volume of my posts. In the meantime, I need to turn my attention to charting and my spreadsheet (side note: Google Docs sucks; don't bother; I'm going back to Excel).
I'll say one thing: I don't think I've ever wanted the market to rise as badly as I do right now.
Lying in Wait
This could be a big week – perhaps the biggest week all year. The idealized situation would be for the bulls – bless 'em – to find the will and strength to push the market back into the tinted zone. That, for me, will be the golden opportunity. The challenge for me will be to wait patiently. I will busy myself with going through all my charts and setting up stops (for risk analysis) and sizing.