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.

Newmont Mining on the Move (Mike Paulenoff)

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The form exhibited by the decline in Newmont Mining (NYSE: NEM) from its September 22 high at 65.50 into Monday's low at 57.31 has the right look of a completed correction into the area of the sharply rising 200-day moving average (57.18) amidst a glaring positive momentum (RSI) divergence.

This technical combination represents critical support that so far has provided a launch pad from where the price structure can pivot strongly to the upside. As long as last week's low remains intact at 57.31, this should be the start of a new upleg within an intermediate-term bull trend.

Next upside targets: 59.50/60, and then 60.50-61.00.

Originally published on

GOOG Gap Fractal

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Google lost $26.40 (!!!) on Tuesday, evidently because they are about to hugely overpay for Groupon.

I entered the day short GOOG, and I find the chart below quite interesting. I've basically broken this up into four sections:

(1) Yellow – strong ascent;

(2) Green – strong descent;

(3) Cyan – resumption of ascent, with massive gap-up due to earnings announcement

(4) Magenta – rapidly-accelerating decline

GOOG could be in for much lower prices.