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.
Money Flow for December Week Three (by SB)
Further to my last weekly market update, this week's update will look
at:
- 6 Major Indices
- 9 Major Sectors
- Index/Volatility Ratio Charts
- 30-Year Bonds
- U.S. $
6 Major Indices
Inasmuch as today (Friday) was a Quadruple Options
Expiration, I'm showing the following chartgrid, where each candle
represents a 1-month options expiration period. You can see that the
current candle, which closed today, basically, bounced at/near the mid-Bollinger
Band. Price is stuck within a sideways range and is at/near major resistance.
The Only Way to Successfully Use Options Over the Long-Term
Any time you make a bet with the best of it, where the odds are in your favor, you have earned something on that bet, whether you actually win or lose the bet. By the same token, when you make a bet with the worst of it, where the odds are not in your favor, you have lost something, whether you actually win or lose the bet.
-David Sklansky, The Theory of Poker
As I always say, investment success comes from process.
Let me explain.
Back in my early 30s when I was privileged to live in sunny Flagstaff, AZ, I would take the reasonably short drive to Las Vegas so that I could make one the best bets in the gaming world.
For those not familiar with the game of craps, the free odds bet placed behind an opening pass line bet carries no house edge. The casino makes no profit on this bet. This is the only bet you can make on a table game where the odds aren’t against you.
How can the casino make this bet available when they don’t make any money on it? Simple: Most players aren’t smart enough to make this bet.
