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.
They are getting excited again, the gold ‘community’ that is. On the big bounce in GDXJ (juniors) especially, there is talk of bottoms, new up legs and even the potential Inverted H&S NFTRH has been charting since before I even heard of it anywhere else.
This may or may not be the case. NFTRH has been on the IH&S for many months now and I’ll be damned if the ‘callers’ are going to co-opt our theme. But insofar as Iraq has anything to do with anything, it’s ‘buyer beware’ on this hype. (more…)
Yesterday finally saw a decent decline on SPX and a considerable amount of technical damage was done. On the daily chart SPX broke back into the rising wedge and the next decent support level is the daily mid band in the 1915 area. SPX daily chart: