I don't normally read lengthy economic articles, but when I read this over at ZeroHedge, I was hooked. It was first mentioned by a Sloper in the comments section, and purely by chance I decided to check it out and read it. I urge you to do the same; it's fascinating, illuminating, and very Slope. Enjoy!
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.
What a Great Week Bar
From Last Night’s Comments
Patterns in Ford and GM (by Mike Paulenoff)
Last week we discussed for subscribers the patterns unfolding in Ford (F) and General Motors (GM). With regard to Ford, we noted that the current outlook could press the stock into the 15.20-14.80 buy window, ahead of a powerful rally that should propel Ford through key resistance at 16.00-16.50 on the way to 18.00.
While Ford proceeded to move as we anticipated, GM exhibits a more powerful near-term technical set-up. We noted last week that the current rally should run to around 33.00 prior to a pullback that will be THE buying opportunity for the remainder of 2011. That "buy window," we said, projects into the 31.60/20 prior to the anticipated powerful upleg towards 36-plus.
With today's spikedown to 31.49, followed by a strong $1.00 recovery, the optimal pattern in GM appears to be in progress so far.
Originally published on MPTrader.com.
Harry Boxer’s Charts of the Day (Long & Short)
Originally published on TheTechTrader.com.
