Thank you readers for sending some nice emails on the correct “Bottom” call. I would say “Thank you lord”. That my calls have been correct is just grace of God, not any special intelligence on my part. Understanding of the collective market sentiment will surely help.
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'm going to forego a video update tonight and give a quick overview of the indexes the old-fashioned way (incidentally, thank you to the handful of folks who did click Donate, prompted from last night's video; it is much appreciated).
Let me start with the closest I'm going to come to a "bullish" scenario (which is why I bought a very big slug of SPY after the close………just in case). This scenario provides for a bounce at this point to approximately the highest levels seen earlier in December. Below is the $HUI analog to illustrate this. Such a push would be the last bout of strength before big-time weakness kicked in.