In case you missed this subtle little character point, I really like shorting stuff. What breaks my heart is that I didn’t short the Euro and just stick with it for the past year. I was watching the triangle below for a long time, but when it broke beneath the triangle, I talked myself out of the trade since it had already gone down so far. Well, umm, it didn’t really matter, did it? Because when you’re dealing with monster-huge patterns, the power behind them can make the moves already in place to be immaterial. Try to remember this, and I’ll do the same.
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.
As a quick followup to yesterday’s post, one individual aced the grease monkey test today and shorted for profits. Everyone else complained about the black color background of the oil charts. So, I have done my best to repaint the walls in pink, chartreuse, aubergine, and re’tailer blue.
Congrats Ace! You nailed it. Although they didn’t make it easy, grease sold off today once they were done with precision calibration for the Nat Gas news event (they are sooo related).
Catch you next Prince Spaghetti Day.
Here’s today’s swing-trading watch-list:
Short Achillion Pharmaceuticals (ACHN)
I never signed up for this, but there’s an organization that tracks Twitter users from town to town and, on a monthly basis, sends them their ranking. Ummm – so – yay! If you’re not following me on Twitter, please click here to do so and join nearly 13,000 other folks.
FUN FACT: I auditioned for the Stanford Savoyards with the Sound of Music song “Sixteen Going on Seventeen” – – my range is wide enough that I was actually able to sing both Rolf and Liesl’s parts. Thank you. Thank you very much. (more…)