Slope of Hope Blog Posts
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Originally published on TheTechTrader.com.
Gulfport Energy (GPOR) yesterday broke out of a bullish flag that has been a pause in its steep, more than 50% upmove in October. A break of 34.11 would conform continuation of the trend, with a target area of 35.93 to 36.96.
Iamgold Corp. (IAG), which has been flagging this past week after a sharp move the previous week, yesterday broke through a double-top in the 22 1/4 area. A move through 22.52 should lead next to a target zone of 23.04 – 23.43.
Originally published on TraderHR.com.
If you didn't read my last post, please do, because I think it's pretty good. But I wanted to at least get a chart – gasp! – out there on my blog today. Here's what I think could be shaping up for the ES:
When most people hear the platitude that "anything in possible", they normally nod their heads in sober agreement. I imagine you think anything is possible, don't you? But I doubt you really do.
Most folks put a very narrow band around what they think is going to happen in the future. Think of the most lunatic notion that you can – – – that Bill Clinton will be the premier of China, or that Poland will be the first country to land a man on Mars, or that Anarctica will be the center of a massive worldwide war – – anything – – and you'll (probably correctly) dismiss it as folly.
But I live in a place where facts change at breathtaking speed, and anything is, indeed, possible.
Try very hard to imagine yourself in 1999, standing on top of a soapbox in the middle courtyard of this giant office complex: