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.
Smoke Signals
I was asked a very good question on Friday, namely why I had looked so carefully in the morning at a bear setup that was likely to be demolished at the open. There are two main reasons for that and they are first that my role is to look at the market and interpret what I see in terms of patterns and setups. It’s not for me to ignore anything I see that doesn’t fit what I am expecting to see, and I did qualify the bear setups with the comments that my overall lean was strongly bullish, seasonality and the GDP figures were bullish, and that the setup might well just break up into new highs, as it then did. The second reason is that seeing these patterns form and be steamrollered by bulls is of itself a strong signal that we are back in a strong wave up, and after these patterns broke up into new highs on Friday any remaining doubts in my mind about that were put to rest. (more…)
Technical Analysis Magazine Readers – Please Vote!
I’ve received Technical Analysis Magazine pretty much forever. At the end of each year, they conduct a reader’s survey. This year, they’ve added a write-in category for technical analysis web sites.
If you get this magazine, I would love it if you would be kind enough to take a minute to send in Slope’s name in your entry. All you need to do is go to this link and……..
(1) Enter your last name and subscriber ID in the fields (the subscriber ID is the number in the upper-left corner of your address label)
(2) Go to the 4th page of the ballot (you don’t have to fill out the other categories if you don’t want to) and, if you’d be so kind, write in Slope as your vote
Once you’ve submitted your ballot, you’re done! Thank you!
California Careless
Some of you know that I founded a business called Prophet way back in 1992 and, among dozens of other products, we created ProphetCharts. I use this product to this day (constantly, in fact), and even though Prophet was sold nearly nine years ago, and its products were frozen in time, ProphetCharts is still superb and, for me, irreplaceable. (more…)
