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.

Testing the 200 DMA (by Springheel Jack)

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SPX closed below the daily 200 SMA (200 DMA) on Friday, though not yet with a conviction break. If we see more downside today then I have two main support levels below before we see a test of channel support from the 2009 low in the 1180 area. The first is in the 1250-60 area, which was support for the 2011 H&S, and the next is in the 1210-20 area, with the 2010 high at 1219.80, key resistance last summer before the October low, and the technical target for the bear flag on SPX that broke down last week. I've marked these on an updated version of the weekly chart that I posted on Friday morning:

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The Nazi Nail Biter………………Evil Plan 65.0 (by BDI)

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Well my fellow Slope-a-Dopes, it appears Angela has the whole world in her hands (or should I say by the balls).  What will she do next with those stubby Germanic mitts of hers?  Let us carefully examine the recent photograph above for any clues.  She is throwing her hands up in the air, with a look of abject frustration & exasperation, almost as if she is ready to give up, wash her hands of it all, and hand over the whole oppressive problem to someone else's capable hands.  Perhaps even more telling, she clearly has been seriously biting her nails on those ravaged wrinkled hands. Nail-biting (onychophagia) is a common stress-relieving habit. Is she about to lose it? That face sure looks ready to explode. What pray tell will she do next?  My gut tells me that she's about to throw in the hand towel?

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