There’s probably nothing more important to the future survival of equity bears (Earth’s most precious resource and by far its most endangered species) than for interest rates to push higher. I am therefore watching ZB closely, day to day. The worse ZB gets, the better my prospects become. So far, it is adhering nicely to a sawtooth downslope. May it continue to do so! Breaking above 133.31 would damage this pattern. (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.
Ten Sixty Eight or Bust
The local coin dealer in town has been using their “Gold Is On Sale!” ad in the Palo Alto Daily News for months now. Back when gold was approaching $2,000, the tone of their ads was quite different. These days………and they are very careful with their words….their ads speaks about how gold MIGHT be just pausing in a huge uptrend, and PERHAPS it would be a good time to buy gold. I think there’s still plenty more room to fall, but when it gets to $1068, I plan to pounce. (more…)
When Will Tesla Be a Good Price Again?
Looking for Retrace Soon
I’ve mentioned a few times that the punch over the weekly upper BB on Friday 15th November should deliver a 4% retracement starting soon, and I have a decent looking topping setup right here as it happens. On the SPX 60min chart that is a possible double-top at the high yesterday that would target the 1746 low (and possible H&S neckline) on a break below the last low at 1777.23 SPX. It may not deliver, or we may see another retest of the highs before it delivers, but this is a nice and classical reversal setup after last week’s break below rising wedge support from the 1646 low. It’s worth mentioning as well that 1746 would be an almost perfect 38.2% fib retrace of that move up from 1646. Just sayin ‘. SPX 60min chart: (more…)
