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.

Sky is the Limit (by Fujisan)

By -

As the major indices going through the consolidation phase, there are not that much to be updated, so I decided to go over my favorite stocks.

As AAPL recently joined BIDU in the uncharted territory, I was trying to figure out how high they could go.  As I was watcing these two stocks, they have a very similar chart pattern.

BIDU Weekly

BIDU 

AAPL Weekly

AAPL   

GOOG Weekly 

Although it's lagging, GOOG seems to have a similar chart pattern, but much weaker.  If it takes the same path, GOOG could go much higher from here.

GOOG 

BIDU Daily

Here is another look of BIDU.  Whenever you see a big candle supported by a big volume, it tends to repeat the equal price movements for whichever it breaks out.

Bidu_daily 

SPY Daily

Consolidaiton phase.  I'm expecting chops and whip-saw.  If you are trading this market, please be careful.

SPY
EUR/USD

Broke below the rectanglar pattern, and retraced to the breakout point on Friday.

Eur