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.

A Flat Earth Society of Greeks

By -

Well the Greeks called the EU’s bluff at the weekend, and after all the tough talk last week it appears that either the EU was bluffing about forcing a grexit, or they’re planning to just ignore the vote and try to agree a deal much along the lines of the one that the Greeks just rejected.

There are some great collective nouns out there such as a murder of crows and a pantheon of gods, but as far as I am aware there is as yet no collective noun for a group of EU ministers. This is an obvious gap to be filled and my suggestion for this is a ‘shambles of EU ministers’. No doubt this will catch on.

(more…)

Vive la Resistance

By -

A few hours ago, when I thought I’d get a good night’s sleep (thanks, Coda!) the ES and NQ were raging higher. They have both backed off, however, which makes abundant sense, given the pattern breakdown. The “wall” is holding well, and having gone through all my watch lists yesterday after the close (and seeing many opportunities), I believe I’m going to extend my commitment to short positions even beyond the 160% level I’m at right now.

0707-es

Eye on RSX

By -

Market Vectors Russia ETF (RSX) is following through on its downside path. However, so far, it hasn’t yet broken its June low of 17.62, so the potential for a move back to 19.03-19.55 in wave c of (ii) remains, which would have me looking to add to the short.

If 17.62 is broken, it appears likely that such move would find support in 17.08-17.27 range, to be followed by wave ii of (iii) up.

Whether through a high bounce or not, I think the odds are good that RSX will complete its downward pattern before expiration.

full-8c407cd12c758a7f283b30ffc9d676499251b0be-2

Originally published on ElliottWaveTrader.net, by Xenia Taoubina.