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.

Giving the Market a Wedgie

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This wedge pattern is probably the most important thing happening in equities right now. I am nearly certain it will break, either now (please God..…..) or following a big bounce, assuming some kind of retard-o-deal is finally put in place. But I genuinely believe it will break, and the baton will get handed to God’s Chosen People (ummm, that would be the bears………not the group you’re thinking). (more…)

Testing Serious Support

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ES made a low at 1662.75 overnight, and I’m treating the targets on the ES chart I posted yesterday as hit. I have that as a good hit at rising support from November, and within three points of the daily lower bollinger band, so a technical hit of that. These are both decent support on the ES chart, though I could redraw that trendline for a hit in the 1658.50 area, so ES could go a bit lower without breaking support. ES daily chart: (more…)