Fannie Mae was trading at nearly $70 in early 2004 and, four years later, cratered to eighteen cents. What’s most remarkable to me is that there is a gap between trading that ended on September 5 2008 and the following Monday, September 8. That’s when the financial crisis popped from 3rd gear immediately to 5th, and it never looked back………until this week. (more…)
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.
Not Wild About Triangles
Looking at ES this morning there is an ambiguous looking triangle forming there. A little W bottom has formed at yesterday’s lows, and the target for that pattern, and triangle resistance, are in the 1665 area, so we may well see that level hit today: (more…)
May 30th, 2013 E-mini Prep Work
USA Today Sez: Buy Buy Buy!
USA Today, a newspaper favored by the illiterati of America with IQs solidly in the upper double-digits, did me a service today by publishing this on their front page………..right at the top: (more…)