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.

Perception vs Reality – A Personal Example

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I was asked the other day in reference to a line I stated in one of my posts if I could extrapolate a little more on exactly what I meant about the “perception” aspect. Here was the line they were asking about. It was in a rant I posted about my utter frustration with surveys.

“Remember tools are useful, but in the wrong hands or deployed willy-nilly they can turn into weapons used against you that can ruin what sometimes is more dear than reality. i.e., A customer’s perception that you are as good, as you think you are. Or, that you actually do care as much as you say you do.”

To many it may seem self-explanatory however, the discussion it moved I found interesting as it progressed. When I gave the following example I could see light bulbs go on everywhere so I thought I’d post the example here.

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Possible Change of Plan

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Another whippy day yesterday, but one that, unlike the more superficially bullish Wednesday and Friday rallies last week, leaves the bulls in a very good position for a break up today. The daily lower band was tested in the morning, so that was either day three or day five of this sideways lower band ride, depending on how the second day with tests of both lower and middle bands is counted. The candle was a 60% bullish reversal hammer, and there are now possible bottoming setups across all the main US equity indices as well as some broken declining resistance trendlines. SPX daily chart:

140930 SPX Daily Trendlines BBs MAs

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