If God be for us, who can be against us? Ben, of course! It’s all about 1590, boys and girls. This is the line our crooked, charlatan, fraud-loving bullish enemies are defending. The spawn of Satan have done a good job holding it thus far. I suspect it’ll bounce, but my feeling is that we will finally claim victory over the evildoers next week. Dies Irae. Ides Illa. Solvet sæclum in favilla.
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.
Testing Wedge Support Take #2
I have a working hypothesis for the next year or so on equities. The high so far this year shows no signals of a bull market high, so I’m looking for a summer retracement to test the SPX 200 DMA, currently at 1504 (and rising obviously), and attempt a test of the SPX weekly lower bollinger band over 1500, currently at 1488 and rising. SPX would then make a tradeable low and the next move into the 2014 spring/summer high would begin. I have more to say on downside targets on a break below the current June lows, but I’ll talk about those another day. (more…)
Kooks’ Klocks Kleaned
I’ve been following the sinking of assets around the world with great interest. Precious metals, in particular, which I’ve been jumping-up-and-down bearish about for many months, are getting absolutely ravaged, and my oft-cited target of “between $1250 and $1300” is already here. I haven’t had a chance to see if we can go further, but I’m happy with the chart, obviously. (more…)
