My fondness for shorts is well-known. This would be more compact as a video, but you're probably video'd out for now, so I'll just toss these to you as images.
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.
Signals Update (by Permabear)
Posted to Slope of Hope January 22, 2013:
“Sorry Bulls, but it is about time for the fat lady to start singing.
One of my charts just hit a sell signal. This is the forth time since 2010.
First signal. 11/05/2010, 7 days later SPX down 48 points.
Second signal. 02/18/2011, 17 days later SPX down 86 points.
Third signal 09/14/2012, 42 days later SPX down 112 points.
If this trend continues the next one will be longer and deeper. Good Luck.”
February 26, 2013:
The green line topped out on January 25th at 350 with SPX at 1503.
The second lower top at 315 was on February 19th with SPX at 1530.94.
If the above trend continues this correction should last more than 42 trading days
and the SPX should drop by more than 112 points. Best guess is that the first leg
down will take SPX to the 1380 – 1400 range.
Blue Line = SPX Daily Close.
Green Line = 5 Day EMA of new 52 week highs on NYSE.
Red Line = 5 Day EMA of new 52 week lows on NYSE.
Some Good Short Ideas
There's no underlying theme; I just like these charts for shorts:
Target on GLD Long Approaching
We Uncomfortable Feel
I can understand bears being jumpy right about now. Here's a song to bolster your spirits from one of my favorite Gilbert & Sullivan light operas. Remember:
For your foes are fierce and ruthless,
False, unnierciful, and truthless;
Young and tender, old and toothless,
All in vain their mercy crave.