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.
In the aftermath of its powerful upleg from 57.50 (Mar 16) to 67.37 (May 12), Johnson & Johnson (NYSE: JNJ) has carved out a high-level, bullish consolidation pattern that is nearing completion ahead of the start of a new upleg that should propel prices to new highs projected to 70.00 initially. A climb that sustains above 66.59 will confirm the upside breakout, while a decline that breaks the prior pivot low at 65.28 will compromise the developing bullish pattern.
Originally published on MPTrader.com.
I received an email this morning from a Sloper with some questions I thought it best for the group to answer; here, with his permission, is the email……
I have been reading your site for several months now and I thoroughly enjoy it. I have also listened to your seminars on the Thinkorswim platform.
I am trying to develop a plan of action for learning how to conduct technical analysis and was hoping you could give me some advice. I have been selling credit spreads for years as my primary trading activity and would like to take up another style because I feel like learning something new.
Specifically, what is the best way to learn:
-What is the best way to practice charting, any specific symbols that are better than others for learning
-Certain books I should read
-Certain blogs I should read (like Slope of Hope)
I know you are busy and I have just asked you a very open-ended question. I would greatly appreciate your insights but understand that you have many responsibilities and many people vying for your time and attention.
Thank you for the help you have already given me in your blog.