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.

Round Trip

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About a year ago, I hardly ever paid attention to gaps. These days, I’m quite fascinated by them, not only as entry opportunities but also as exit signals. One stock I was short, Ctrip.com, offers a beautiful example of this. It gapped up between July 31 and August 1 of last year. Although nearly half a year has gone by, it took that long for the gap to be filled, which happened today (the gap was at 37.46, and today’s low was 37.41 – – an amazing “tag” of the gap). (more…)

The NFP Shuffle

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TRAN called the action yesterday best, as I suspected when I proposed it as my confirmation index yesterday morning. TRAN hit the ascending triangle target at the opening high, then retraced to retest broken falling channel resistance, then rallied for the rest of the day. The next obvious target is a retest of the highs and possibly making the second high of a larger double-top there. TRAN 60min chart: (more…)

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