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.

Confused Yet? & AUDUSD (by Springheel Jack)

By -

I have a provisional overall scenario for the next month or two that I'm expecting to play out. Obviously I may be mistaken, but it hangs together fairly well. On equities I think we are in a sideways type wave 4, which will be followed by a wave 5 up that will probably peak at a major pivot, either at 1442 SPX or slightly north of 1500. Given the proximity of 1442 SPX to where we are now there's a better argument for the higher target I think. That should take us into the seasonal high area late April to sometime in May. After that I'm expecting a big correction over the summer and we'll see what the bears can do with that, if any have survived this monster move up. 

While that plays out I would expect new rally highs on EURUSD, and a major drop in bonds. As long as USD can hold uptrend support during that time, I then have a hugely bullish overall setup on USD that could see it spike up to over 90 while EURUSD gets crushed over months following. 

Short term I'm a bit concerned by the support break on Dow yesterday, but it didn't last long and the recovery was strong. It is a warning signal though, and should we see a more definite break then there will be an argument that we have already made a major interim top:

(more…)

Tell Me Your Dream Charting Package

By -

0329-pchartsAs most of you know, I founded a company called Prophet whose crowning achievement was ProphetCharts, a product used to this day by traders all over the world.

There are, of course, many charting products out there – – some of them software (like MetaStock), some of them web-based (like StockCharts.com), and some of them specifically made for mobile applications.

I'd like you to consider me your Chart Fairy (I am, after all, a SF Bay Area resident) and tell me what your ideal chart package would be capable of doing. Far-out ideas are welcome. Failing that, at least tell me what charting package you use and enjoy. And – – one and all – – please click Like on any suggestions from other Slopers you like.

I appreciate it, and I look forward to reading all the comments!