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.
Well what a wild year this has been. Huge moves but a finish within spitting distance of where SPX began the year. I was looking through my many index charts this morning and found the following chart of the Wilshire 5000 that I probably did in very late June and hadn't looked at since. You can see the arrows marking where I thought the index might go from there. Very spooky. I suspect I did the chart on the morning of 30th June as I posted a similar SPX chart that day which you can see here. This Wilshire chart also underlines the very strong resistance at the level being tested now there and on SPX at the very important 200 day SMA:
I laid out the case for continued uptrend in my last night’s report. And here we are, back on track to the cycle high sometime next week. (http://bbfinance.blogspot.com/2011/12/nightly-report-december-28-2011.html )