EBAY continues to hold a strong bullish position, with last week’s pullback having hit a 50% retrace of what I count as wave (i) of circle-iii. Ideally, that pullback was all of (ii), in which case red fibs provide upside extensions; however, further consolidation remains reasonably probable until the prior high of 60.93 is taken out.
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.
Sign of the Times
Well, with 73 short positions on, constituting a seven figure portfolio, and ending the day virtually unchanged, I am hardly inspired to wax poetic about the “market” right now. I’ll leave you with this curiosity, however: while taking one of my dogs on a long walk to Whole Foods this afternoon, I passed this brand new sign, recently erected by the good people of the municipality of Palo Alto:
Ba-Ba-Bottom
BABA is one of my 73 short positions right now. I just wanted to offer an important and gentle reminder to everyone, since the bottom of a chart can often trick you into thinking that there is some kind of wall there – – an important bottom. Because, in your mind, that’s the low end of possibilities. That’s the bottom of the chart. That’s as low as it can go. Intellectually, you know this isn’t the case, but your mind can still make you think that the stock is “cheap” here:
Swing Trading Watch-List: PAY, RIG, HPQ, HDB, DG
Evilibrium
Are you bored with this market? You’re not alone. And there’s a reason. Witness below the Dow Jones Composite: 
