I've been mentioning the comparison with the start of QE2 almost every day since QE3 was announced. QE2 was also trailed in advance, with a steep rise into the announcement, a break up on the announcement over the daily bollinger bands on SPX, and then a short term high there that was followed by a retracement. Obviously SPX in the wake of the QE3 announcement has been following the same script so far, and that may well continue, as the stats for Mondays recently, and also for this week historically, are both flat to down. Here's the chart of the QE2 period showing the post QE2 announcement retracement on SPX:
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.
Bearish Reversal?
Friday we had a bearish reversal day when the market opened
higher closed lower / red. In a normal
world I would have considered it as the signal for a top and trend reversal.
But in this day and age of new normal, I am asking myself, was it a failed tests
of the high and I am not convinced that it was so.
The Four Macro Horsemen of the Apocalypse……Evil Plan 85.0 (by BDI)
Taxes and The Case of Paying More or Less (by Mark St.Cyr)
Over and over across every conceivable media outlet one headline is
carried far more repeatedly than a Lindsey Lohan arrest. “Raising taxes
on higher income earners.”
Personally I’ve grown tired of all I hear from far too many in the
media and people in general. Most arguments have bordered on pathetic –
and I believe I’m being charitable.
Most say (or think) they understand this issue, however it’s fairly
obvious once they start speaking – they don’t. When one tries to engage
the logic (or lack of) they get shouted down or brushed off. This
discussion mirrors when parents and teenagers argue why or why not to be
grounded. It’s all just emotions gone wild. Leaving most entrepreneurs
unable to open their mouths as to defend wrongly placed assumptions or
accusations.
The Other Five
In last night's post, I wrote, "Last up are stocks which are have made a recent "lower high"; I had eight of these to show you, but this post is getting so long, I'm going to keep it to the first three." For the sake of completeness, here are the five I didn't reveal:

