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.

Too Good to Be True?

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Well, it’s confession time: I’m scared.

I know as the designated martyr for equity bears, I should show more steely-eyed steadfastness, but the past six years have put the zap on my brain, and memories of what this jackass did a year ago still haunt me.

In a strange way, though, my fear is borne from the suspicion that the charts I am seeing are simply too good to be true. If I were to contribute a chapter to a book on charting called This Is What A Top Looks Like, the hypothetical, idealized charts would look like this:



Next Wave Down in USDJPY

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$USDJPY hit upper level of resistance on this pair for the potential top of wave ((ii)) at the 119.96 level. Ideally this level should hold if we are going to see an immediate drop for wave ((iii)) of C of (B) down. Initial targets for wave ((iii)) come in in the 115.97 – 114.94 level with ultimate targets for wave ((v)) of C much lower. Again invalidation of this setup occurs with a break over the 120.57 level.


Originally published on, by Mike Golembesky.