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.
Consolidation or Distribution? (by Nathaniel Goodwin)
So my mom finally met with her financial adviser Michael Hawke; I have
been asking her to meet with him again, suggesting she pull some money
out of the market right now.
Mike told her that the market is consolidating right now and does not advise
that, he even suggested she put a little more in so she doesn't miss
the explosive move up. He pulled out some glossy charts of various
indexes, and told her to look at the run they have had. Mike Hawke
really loves the trannies and small caps right now and suggests to go
in deep; however, according to a couple charts, that may not be a good
idea.
The Williams A/D indicator is showing
some bearish divergence in the $RUT and transports. Williams recommends
using this indicator based on divergences:
Distribution
is indicated when the security is making a new high and
the A/D indicator is failing to make a new high. Recommendation = Sell.
Accumulation
is indicated when the security is making a new low and
the A/D indicator is failing to make a new low. Recommendation = Buy.
I still think we are in a distribution
phase. Really confusing times right now, I can't wait to see what santa brings us
then fat baby new year!
