Chart says it all.
Personally, knowing the Sept 50$ Puts in this stock might one day worth about 10 bucks, gives me a hard-on.
But, as the chart shows, only fools rush in… (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.
The Double-Top Scenario
ES retraced yesterday, which wasn’t a surprise, and broke rising support from the last low, which was a surprise. I was talking yesterday morning about the possibility that a double-top for the move from the June low has been forming and I’m going to look at that in more detail today. (more…)