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.

Denial is NOT a River in Africa

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I’ve been reading a lot of talk this morning about how there is no real chance that SPX will make any kind of high in the easily foreseeable future and that’s natural. This wave up from October 2011 has been so long and so powerful that it has left many with the strong impression that TA is valueless and that the only possible road to success is buying the dip and holding on at all costs. An extended wave 3 up will breed bullish complacency.

In all honesty that may well be the case for another two or three years, depending on the individual trader’s tolerance for pain, and over a timescale of decades the long side always wins through. However the current setup on equities looks VERY toppy, and the level of denial that I’ve been seeing from some quarters about this just beggars belief.

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Something Special in the Air

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I have three things I wanted to cover.

First, a self-interested request: if any of you are involved in remodeling (as a contractor, a vendor, or anything else related to home improvement), I’d really like to hear from you. No, I’m not remodeling my house……..I’m simply doing some research for this new business project that I’ve been so secretive about (and which some of you are testing). So if you have remodeling background, particularly as a business owner, I would love for you to email me by clicking here. Thank you!

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