It probably comes as no big surprise that I was a little nervous publishing my Why We Fight post. One of the problems with being really open and honest is that it can make you vulnerable to attack (or at least severe misunderstanding). And even though I crafted my words respectfully, I was concerned that Molecool and ConvictScott might take my post the wrong way, and I was prepared to defend my point-of-view. (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.
Last week, I did a post called The Persistence of Memory which sought to express my (rather grim) feelings about the market we are in. The post generated 567 comments as well as a number of very positive emails. Generally speaking, I only read a tiny fraction of the comments on Slope, but I decided to go ahead and read all of the comments beneath “Persistence.” (more…)
Long Boyd Gaming (BYD)
When I looked at daily upper bollinger band rides a few days ago, I found twenty six examples in the last five years. The longest of those was ten days and there was only one of those. Yesterday was the eleventh day of the current daily upper band ride, so this band ride has already beaten the actuarial odds by quite a margin. Will it reverse today? Maybe, the overnight low was low than the Sunday night low, and that is a start at least.
SPX broke over resistance on the rising wedge from 1737 last week and while this may still be a bearish overthrow, SPX would need to break back below broken wedge resistance (1930 area) in the near future. Alternatively the wedge may be evolving into a channel, but in that case I would expect to see at least a test of 2000. SPX daily chart: (more…)