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.

The Crazy 88s – Part 2 (by Consistently Incredulous)

By -

Just a quick update on my long-view:   I’ve kept an eye on SPX’s 88 week SMA and EMA since my post in August, when we had a break below.  That break lasted until the big October run-up, but the Thanksgiving drop took it south again.

As of today, the SMA sits at 1212.76 and the EMA at 1210.30.  I would very much like to see price bump the underside of the MA before taking the “Swann” dive.


Confluence of Positive Technical Factors (by Mike Paulenoff)

By -

Our cycle work in the S&P 500 indicates that we are near the timeframe for the establishment of a small cycle low due on November 30 (+/- 2 days). A small cycle is 20-25 days, and lies within the larger, overriding cycle of 70-75 days. Accordingly, we find that the S&P 500 on Monday and last Friday hit a corrective low at 1158.67/66, and since then has pivoted to the upside into Tuesday's high at 1203.67 (so far).


GS About to Start Wave 3 (by Leaf_West)

By -

Because I know Tim is a big supporter of EWT, I thought I would put up a post on GS …

I'm long GS and I am watching here as the stock looks like it has completed a Wave 2 retracement, and is about to start a 3rd wave push higher …

GS 10-Minute Charts

GS_Nov 29, 2011_10min_01

Wave 2 pull-backs are very emotional as buyers and sellers battle it out … they typically end at the 78.6% Fib level as GS just did .

GS_Nov 29, 2011_10min_02

The 2nd wave ended right in the projected target zone and is now on the cusp of breaking a down trend line.

GS 60-Minute Chart

GS_Nov 29, 2011_60min_01

It has to be determined whether or not the 3rd wave is just that …  a 3rd wave in a corrective bounce, or whether it leads to a 5th wave push higher.  We can figure that out when the 3rd wave is over and the pull-back begins.

Here is the Contraction Pattern I am hawking right now … it looks like it is going to pull-back before breaking the move higher.

GS 3-Minute Chart

GS_Nov 29, 2011_3min_01

Cheers … Leaf_West (please visit me at my blog (