Preface to all 4 parts this weekend: As most of you have read, October 2015 was the strongest month for stocks in four years (grrrrrrr……..), up nearly 9% after what had been a relatively steady bearish August and September. This rise, while discouraging to me, has simply made prices even more attractive for shorting. I present to you below some charts which I am already short. In most cases, I have tinted the areas that represent the topping patterns, and in some instances, I use two tones to illustrate component parts of the top. I elected to do these as static charts instead of videos this weekend, and, as usual, Slope Plus members get exclusive access to more than half of the entire set of charts. (more…)
Slope of Hope Blog Posts
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Your Halloween Entertainment
Hey look, anyone can post a jack-o-lantern with a scary face on Halloween, but how many sites are treating you to a traditional Irish Halloween Turnip? Hmmm… ?
And so October has come and (almost) gone. We got what we expected, which was a mother of a bounce, now probing the high extremes of the upside range. Why is it extreme? Because if it goes past certain levels it morphs from ‘bounce’ to ‘bears hand it over on downs’, and another opportunity lost to croak this market.