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.
Umm, what’s the deal with making woman cab drivers recently? I did an entire post yesterday about the self-congratulatory email that Uber sent, pledging to put a million (!) women behind the wheel. And now this just appeared on my Twitter feed:
If nothing else, let me offer you this solemn assurance: your driver won’t look anything like the photo above. Promise.
I posted a slightly earlier version of the chart below on twitter yesterday afternoon talking about the falling megaphone from the H&S right shoulder high. SPX dribbled down for the rest of the day SPX but as long as megaphone support holds this morning the next obvious target is at megaphone resistance, currently at 2072 and falling at about 11 points per day. 5min chart:
All right, today just a quick analysis, hopefully it can be helpful to Slopers that are thinking to go SHORT right now…
First of all, please check our previous post from February 23 where we insisted it was time for a SHORT trade. That was two weeks ago.
Now, the market is tanking and it has made a bit of road down already, so let’s have a look to what our model say, where is the limit for this “correction” ? Just to avoid going SHORT at the bottom…