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.
Fibonaccis Helpful Guide for Dow Jones Right Now
I am finding the Dow 30 is playing nicely off the Fibonacci retracement levels I've drawn below. It's suggesting to me to sit tight and wait for us to claw back up to 11,900 or so before getting meaty, beaty, big and bouncy again.
Greek Referendum Plunge (by Springheel Jack)
There's little appetite for austerity in Greece, as we've all been seeing from the intermittent riots over the last few months. The Greeks announced yesterday that they would be putting the latest Euro bailout and greek partial default plan to a referendum and obviously the plan may get rejected. I have found no date for this proposed referendum looking round this morning, so this bump on the road may affect markets for quite a while yet.
Kudos to my friend Alphahorn for calling the high and going in heavily short there. He's given me permission to post his current primary count after yesterday's bearish break and he is expecting new lows from here on that count:
Europe: Just Give Up, You Ninnies
When will I stop being scared of these ass-clowns?
Last week, the big, bad Euro-saviors, incarnated as Blubber-Butt Merkel and Big-Nose Sarkozy, "saved" Europe the 17th time with a trllion-dollar bailout fund. The green below shows how much of an impact was made, and how long it lasted.
When will we learn? When will I learn? Everything they do will fail. Everything that Benjamin (Shh! Shalom! Stay politically correct and don't mention you-know-what!) Bernanke is going to do will fail. They are painted into a corner and, temporary bursts higher aside, are going to have to face reality sooner or later.
I'm glad I don't have a single long position. 70 shorts, and ready for a new day.
