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.

NQ and GBP-USD Patterns (by Springheel Jack)

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There's still not much to see on SPX or ES in terms of trendlines and strong resistance on ES is obviously at 1280. While ES and TF were struggling last week however, NQ took leadership and kept pushing up while the others stalled. That has delivered an interesting setup on NQ, with a perfect rising wedge having formed since the end of the year. That would seem to limit upside unless the wedge breaks up and I have wedge resistance currently at 2366 and wedge support at 2347. Both of those are moving targets obviously:


Apple Investors Have Jumped the Shark

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OK, if there ever was a sign to short the living daylights out of AAPL, this is it:


An entire conference has been put together (which you can attend for $395) whose sole purpose is to talk about trading AAPL. Featuring Dancing-with-the-Stars celebrity Steve Wozniak, who will spin old yarns about his experience in the 1970s when he actually worked there.

Stick a fork in it, folks. We have reached complete cultural saturation. I'll say what no one else will dare say: not only will AAPL not reach the trillion-dollar market cap which seems to be a universal given, but it will lose half its value within the next three years.

This "summit" is just about the dumbest thing I've ever seen since the late-90s bubble. And I say this as a former Apple employee, 1984-Macintosh buyer, first-day iPhone buyer, first-day iPad buyer, and all-around Steve Jobs worshipper.