Don’t bother looking at real-time price data or paying for the fees. You might as well stare at the sine wave below. It is as accurate and forward-looking as the “market” we are liviing through right now. When I did my EKG post this morning, I was being partially-facetiious. But the fact is, we’re not dealing with facetiousness, we’re dealing with feces. (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.
Mind The Gap
ES broke under 1680 support overnight and the obvious next target is the possible H&S and double-top neckline at 1670.5. The last positive RSI divergence that I was looking at on Friday morning on the basis that these would usually reach the 70 level on RSI has failed to do so as the 30 level on RSI has hit overnight instead. ES 60min chart: (more…)
Can We Stop the EKG?
Good morning, Slopers, and greetings from pitch-black Palo Alto, California.
I am hoping we can put an end to the completely-annoying EKG-style market we’re in, in which we actually have a sensible open (market down) only to be followed by a pointless and near-instant bidding-up of prices, terminated by five hours of the market doing absolutely nothing. It seems to have started already. As I was blearily looking at my iPad in bed, the ES was down 8. I ambled downstairs, and it’s down only 6.25 now. Well, down is down, and some day this war is gonna end. (more…)
