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.

Can’t Keep a Good Bear Down (3 of 4)

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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…)

Happy Halloween

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By Biiwii

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… ?

irish halloween turnip

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.

(more…)

Can’t Keep a Good Bear Down (1 of 4)

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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…)

Wave Down into 11,600 for FXCM US Dollar Index?

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$USDOLLAR From an Elliott Wave perspective the consolidation pattern in the FXCM US Dollar Index  that we have seen since the May 13th low could be viewed in one of two ways. The first of which is that the May 13th low was the wave a of (iv) and this consolidation pattern was a b wave triangle after which we expect a c wave down to complete wave (iv) into the 11,600 area before continuing back higher in our larger degree bullish pattern. This is my preferred count at this time and is shown in white on the charts:

full-MtFQFZYEITpxbT34ITyQ3 full-hAcj3E4uuCvo2ZcUQ2DvH

Originally published on ElliottWaveTrader.net, by Mike Golembesky.

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