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.

Shaking the Tree

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I’ve had a few questions about the candle stat I’ve been looking at and answered those on twitter yesterday. Only two of the reversals made a lower low at the hit of the lower band and all went on soon to make new highs. This isn’t a particularly bearish stat on the bigger picture, it is just striking that all three of the past instances of these candles going back to 1993 all then hit the daily upper band on SPY in 5 to 7 days after this rare candlestick, and then plunged to the lower band in the two to three days after that. Will that repeat again here? Who can say? I’ll be watching to see whether it does with interest though, and if it does, it should set up a decent buying opportunity there. (more…)