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.

Jonathan the Sloper

By -

Maybe I’ve been hiding in a cave and everyone else on Earth has seen this, but I tripped across it by accident this morning for the first time. The clip below is along the lines of the “Susan Boyle” video, but I like this one better. You’ve got two teens – one pretty girl, and one obese boy – coming out on stage. You get the typical smirks from the audience, and then – blammo – they (particularly the male, Jonathan) blows everyone away. He’s magnificent. (more…)

IHS Pattern on RUT

By -

I had a couple of questions yesterday about the ‘IHS’ that had formed on the ES chart. I hadn’t been showing this and that’s because it isn’t actually a valid IHS. Any H&S pattern must be a reversal pattern by definition, and if an H&S pattern occupies a large majority of the trend leading into it then it isn’t a reversal pattern. If it isn’t a reversal pattern then the historical stats for the performance of these patterns do not apply. I see these form regularly though and while they break the neckline less often they do often make the ‘target’ after doing so. FWIW the ‘target’ on this one would be in the 1781 area and it has already broken over the neckline at 1764. ES 60min chart: (more…)