I wonder if Northman will ever wander around to this part of the Internet again, since he started this whole “occasional winner” thing. Anyway, here’s yet another one – – Micron getting blown to pieces (it’s one of my nearly 100 short positions). It’s my fondest wish that every stock on the board looks something like this in the months ahead. It’s payback time.
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.
The bears turned in a second consecutive very solid day yesterday, with a fail at the 50 hour MA in the morning and a close marginally under both the daily middle band and 100 day EMA. If bears can break the low yesterday by more than a couple of handles then that opens up an H&S target at 2085-8 and below that a test of channel support and the daily lower band in the 2078 area. SPX 60min chart: