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.
We are operating to parameters on a would-be gold sector bottoming process, which has been a year+ long grind (‘grind is good’ as it absolutely ruins peoples’ nerves over time) and which by the way, everyone sees now as either a final bottom or a consolidation before the final and spirit destroying wipe out, depending on their Team’s hopes and aspirations (bull or bear).
About a year ago NFTRH projected two possibilities (within the context that it was only in the realm of potential) and they were a ‘W’ bottom or failing that (it promptly failed) an Inverted Head & Shoulders on the HUI. Today a new pattern has joined the IH&S and it is a Symmetrical Triangle, which would be a consolidation before the final crash. (more…)
One stock which shows what an obscene hockey stick the market has become is Southwest Airlines. This airline – let me say that again – AIRLINE – has a P/E of almost 27. Why? Search me. Maybe their in-flight snack offerings give people telekinetic energy. Anyway:
As an owner of physical precious metals, I’ve been chagrined to see the weakness in this area over the past month or so. Today we got some relief, but I’ve got to say, gold needs to hold above the trendline I’ve pointed out, or else we could be in for a very nasty resumption of the tumble. That’s a well-formed triangle, and we’ve got to stay within its confines.
Here is today’s swing-trading watch-list:
Long Anadarko Petroleum (APC)
This will be the shortest post ever……….a trading friend of mine just wrote me and shared this interesting article called The 64-Month Bubble Pattern. It matches almost exactly the thoughts I was offering in my Six Six Six post from last night. The funny thing is that I didn’t set out writing the post with a conclusion already in mind. I was merely curious, and I counted out the months and was a bit shocked to find such a similarity. Anyway, check out the aforementioned article, since it’s a pretty cool correlate to my own (independent! honestly!) thinking.