This current retracement is very important for determining where equity markets go over the next year or so and I’ll be showing why that is this morning. From a pattern perspective though this retracement has to bottom out above rising support from 1343 or the current bullish pattern setups I’m working with will fail, and the highest probability pattern setup will revert to being a topping pattern for the broadening ascending wedge from 1343. (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 Dreaded: It’s Different This Time!
For anyone that’s been either following or actively trading the markets over the last four years. The over used, and now maligned phrase, “It’s different this time.” has for all intents and purposes become not only irrelevant rather, has taken on the same implications as being lumped in with crying wolf, or riling up Ms. Little. However, the only bird that hasn’t (or more likely wont) taken notice of the past weeks market gyrations – is an ostrich. (more…)
Change
The destruction culminating in late June in the gold price brought out the usual suspects to school us ever since about why gold is all done as a worthy investment in an era of economic revival, compliments of heroic policy making by Ben Bernanke and Associates. Perceptions are now fully cemented toward policy maker control and a new global growth cycle. (more…)
Reality Bites Video
Exquisite Dead Guy
I have had a deep and abiding fascination with suicide. I was thus captivated when by chance I found out a man had killed himself yesterday, but prior to doing so, he put up an elaborate web site documenting his life, his reasons for killing himself, and his worldview. (The turd-monkeys at Yahoo have taken it down, but I found a mirror site that has most of the pages intact). (more…)
