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.
I thought the market had finally provided a workable pattern, but no, that's been blown to ribbons. The EUR/USD had formerly been exhibiting a well-defined pattern with a clear resistance level, but we've traipsed across that.
One could make an argument for a diamond pattern still intact, as shown below, but in this environment, it's hard to count on anything.
My favorite line from Nietzsche's writings is 'when you look into an abyss, the abyss looks back into you'. What did he mean? There's been much discussion. He had syphilis (which attacks the brain in the late stages), and I suspect may have been doing some powerful drugs during his most creative period, but I think what he probably meant was that that if you look into your dark side too much, then your dark side may come to dominate you. Certainly true of some famous Nietzsche enthusiasts, Hitler in particular.
We're looking into a different sort of abyss today, but as I was considering the potential abyss below on EURUSD particularly this morning the quote came to mind, so I thought I'd mention it.