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.
A reader wrote me this morning asking if the head and shoulders on General Motors was rendered moot due to its violation of the neckline (see green circle). I don’t think it has. What I’m watching as the neckline is the up-sloping trendline, whose violation would only occur in the vicinity of the red circle. I remain short, and today I augmented the position with June $35 puts.
I just happened to trip across this video. I didn’t expect to like it. I didn’t expect to watch it for more than 10 seconds. But, holy moley, watch this video. Ricky Jay (whom I only know from PTA movies like Magnolia) is absolutely incredible.
The only two kinds of TA that I refer to every day are classical charting, mainly my own, and Elliot Wave. For EW I don’t of course use Prechter and EWI, as Prechter’s analytical skills have long been eclipsed by his faith that we are in some kind of apocalyptic ending move which is the climax of a massive 5 point move up from 1500 AD, or 500 AD, or whatever. I’m not one to mock the religious beliefs of another, but faith has no place at all in analysis, so while Prechter stands on his lonely mountain top waiting for the end of the world as we know it, I’ve been ignoring him and watching the calls of my very capable EW chartist friends Pug and Alphahorn. (more…)
Just one quick post before I turn out the lights………I just read this article from TechCrunch about some brilliant lunatic that goes by the name of weev. He’s a hacker extraordinaire and has a quality I admire greatly: he will tell anyone, irrespective of their position of authority, precisely what he thinks of them (including the guards in the prison from which he was just released). He is now setting up a hedge fund called TRO, LLC (yep, he’s a very proud Internet troll as well). He states: (more…)
I happened to come across an article this afternoon describing the desperate attempts for firms seeking to go public to get it done while “market conditions” allow. If memory serves correctly, five firms cancelled their IPOs last Friday since the market had the audacity to be down slightly. (more…)
