OK, I’m back in front of my computers and ready for the new week. Here’s my first idea, which is based on a modest topping pattern and gap-fill:
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.
Advantage Santa
I posted a chart on twitter on Friday evening showing the move up from the lows last week, and showing the strong setup there to retest the highs today. The low on Friday morning retested the break over a double-bottom targeting the 1814 area, and by the close a rising channel from the lows had formed on SPX. While that rising channel holds I’d expect a retest of the highs by lunchtime today, as the channel support trendline is rising an impressive 18 points per trading day. If it breaks down then the double-bottom remains a strong setup as long as Friday’s low at 1796.81 holds. SPX 1min chart: (more…)
Maybe It’s Just Me
It’s not an act. I promise you that.
As I walked through the mall in Tempe today, my face couldn’t mask the feelings of discomfort and mild horror. I’m not making this face to be cute, or funny, or because I’m being filmed. It isn’t for effect. I really, really feel this way. (more…)
Chandler Leer
I have spent the weekend in Chandler, Arizona, a suburb of Phoenix (and, evidently, home of the annual Ostrich Festival which, appealing as it sounds, is not the reason I am here). Whenever I travel somewhere, I like to notice what stands out about the place. Since this is only a 90 minute plane flight from San Francisco, it’s not exactly an enchanted, other-worldly place, and there’s plenty of “Generica” all around (Best Buy, Starbucks, Yogurtland, and so on). But there are a few things I’ve noticed in my short time here: (more…)
This Charming Man
It probably comes as no surprise to long-time readers that Morrissey is a favorite singer/songwriter of mine. His hauntingly depressing music touches the souls, I imagine, of most bears. I was pleased to read in this morning’s Wall Street Journal (near an article titled, and I’m not making this up, “So You Want To Buy Your Own Vineyard”) that he has come up with his Autobiography
Its wearisome echo of negativity exhausts me to a permanent state of circumstantial sadness. I approach school each day with renewed fear, over the asphalt, treading underfoot, the flattened remains of people’s lives, and bigger and blacker the school’s edifice rises above its bludgeoned parish like a rat refusing to die. We small kids see no warm lights to welcome, and no hope in the literal darkness.” (more…)
