I shorted Health Net yesterday, based on the wedge. It's down nearly 30% (I have covered the position). Nice to see a big winner, since I totally missed the GMCR boat!
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.
This first thing to mention today is that despite the title of this post I'm cautiously bullish for today and am still very much expecting the double-bottom target on SPX in the 1425-30 area to be made. That said, I'm seriously considering the possibility that we may see a second high of a double-top made there, or slightly higher close to the 1442 SPX pivot, before starting a decline into the usual summer low. The reason for the title is that I'm going to show some charts today that suggest that there may not be a usual summer low this year. Just a possibility of course, but worth bearing in mind as part of the bigger picture here.