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.

It All Depends on How You Look At Things

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In addition to my ability to vibrate my eyeballs, I'm also really good at seeing those weird "magic eye" pictures that were popular in the early 1990s. Here's one for you now, although you should click on the image to create a big pop-up since it's much easier to see that way. I am doing this to occupy you while I think of something meaningful to say after this insane day we just had!



Chartwork on Amazon (by Mike Paulenoff)

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A look at the pattern developing in Amazon (AMZN), which is one of my indicators for the QQQ and the QID. My near- and intermediate-term pattern and momentum work is warning me that AMZN is in the midst of a significant correction that projects into the 210-205 area prior to completion.

Today's reversal from 234.50 represented the end of an intervening rally that separates two corrective declines. As long as 234.50 is not hurdled, rallies in AMZN should prove to be headfakes prior to the completion of its correction from the Sep 20 high at 244.30 to the next optimal target of 210-205.

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