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.
People sure to change their minds in a big hurry. If you had chatted with traders on Wednesday morning, they were convinced we were finally heading lower. The Elliott Wave folks talked about how we were in wave 3 and how it would be a “wonder to behold”. (Conveniently, the same folks are now saying that we’re in wave 5 and will see higher highs………the magic of Elliott Waves is that one can never, ever be wrong, because there’s always an alternate count).
Well, just a couple of trading days later, everyone’s changed their tune. The consensus seems to be that the five or six days of selling we experienced constituted the entire “down” market for 2013, and now that we’ve filled the gaps in most index charts, it’s up-up-and-away time again. (more…)
I just wanted to let everyone know about a small improvement to the comments system (which a few of you have noticed already anyway) – – the ability to hide virtual trades.
The comment stream is pretty long even without virtual trade notices, but when folks get active, the comment thread can get verbose. If you’d rather not see anyone’s virtual opens and closes, just click the checkbox shown on the right side. I personally like seeing ideas, so I’m going to leave it unchecked, but some Slopers asked for this, and I aim to please. (more…)