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.
We printed a doji yesterday with a lower high and lower low. We did see a bounce off the R1 1405 area I mentioned yesterday.
My guess is today the Bulls will try to run it back up to the top of the channel early. My inclination is to short that as I don't think they have the firepower to break through R2 at 1431. I also see MACD rolling over as well as declining RSI
A stop will be placed 1433 in case I am wrong
I'm not sure if I've shared this one before, but this is a brilliant routine and illustrates the superb comic timing and delivery of Mr. Gottfried. This is definitely NSFW, and those of you in Kansas may not want to click the Play button.
There were a couple of developments yesterday that could be very important game-changers. The first from the Fed minutes is serious talk of implementing QE3 if the US economy continues to weaken, which seems likely. QE1 and QE2 both had a big impact on the equity and other markets and there's no reason to think that QE3 wouldn't have a big impact too.
The second was that the German representative on the ECB came out against the Bundesbank in favor of a European QE program that would buy up the bonds of troubled sovereigns as soon as the yields reached certain trigger thresholds.