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.
Path of the NAZ
Dividing Lines (by Springheel Jack)
The retracement that I was talking about yesterday has been happening, but not quite as I expected, and while I'm still leaning bullish here, that might change today. On ES a little H&S has formed from the high and that has already broken down with a target at 1435. I said yesterday morning that my bull/bear line was support at 1444.5 and that's still true, but the likelihood that will be broken has increased considerably since then:
How Momentum Ends
Long-time Slopers are well-acquainted with my puzzlement over the success of Chipotle. Let me be clear at the outset: there are very few people on this planet who enjoy good Mexican food more than me. Here in the Silicon Valley, we are blessed with zillions of inexpensive and delicious Mexican fare served at family-owned eateries. Give me a five dollar bill, and I can provide you with a fantastic-tasting burrito.
But when I wrote my post last March, I was puzzling not only on the completely bizarre price action of the stock but also what the reasons for the company's success could be. I ate there a few times, and the two things I remember about the food were that (a) it was expensive; and (b) it wasn't especially good. I also was amused at the self-aggrandizing placards on the wall declaring that some (some!) of their ingredients were organic. Well, gee-whiz.
