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.
Dow Jones Forecast Based on Past Cycles
W D Gann was a master at finding patterns in the past to guide the future.
W D Gann forecasters are following this chart:
Two patterns from the past with a correlation greater than 90% below. The more data in the pattern with a high correlation is more significant than short time frames, simply as they are rare.
shrink
Investing Quote…
…”In the long run commodity prices are governed by one law – the economic law of demand and supply”..
Jesse Livermore
..”If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks”..
John (Jack) Bogle
Homebuilders Setting Up for New Tumble
Is Elon Losing His Elan?
Over the past several months, the media has been chock-full of articles about how Elon Musk is “the next Steve Jobs” (unlike, say, that nitwit Kayne West who declared, referring to himself in the third person, that he, in fact, was going to take that role). (more…)
Year of the Unicorns?
I covered the main SPX charts and also charts for Dow, RUT, NDX and COMPQ in yesterday’s post arguing the case for a strong reversal to new retracement lows from the rally highs made on Friday. You can see that post here. I was making two key points in that post, which were firstly that there has not been a year in the last fifty years without a test of either the SPX 200 DMA or the weekly lower bollinger band, and we haven’t seen either tested so far in 2013. If that continues through to the end of 2013 then that would therefore be a real statistical rarity or unicorn event. The second point was that clear pattern resistance was tested at the high on Friday on SPX, Dow, RUT, NDX and COMPQ, so these indices are all at trendline resistance. A break significantly over Friday’s highs would therefore be a bullish breakout in my view until demonstrated otherwise. (more…)
