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.
Japanese Bar
Next Key Failure For the Dow 30
No Sign of Santa
All bulls had to do yesterday was hold on to most of their gains from the previous day, but they couldn’t do it. By the end of the day all they had managed to hold onto the 5ma, so there is at least no 5dma Three Day Rule target back at a retest of 1993. Unless bulls can reverse yesterday’s reversal candle today though, the fail yesterday confirms the downtrend, and there is still no sign of that Santa Rally.
Props to my charting partner Stan at theartofchart.net, who called in his Wednesday night video for a mid-2070s high and then the start of a new leg down that might go as low as 1940. That leg down may well obviously be in progress now. If you are interested in seeing these nightly videos then I’ll mention that there is a discount promotion through Christmas on all annual memberships, and if you’re interested you can see that here.
DNKN Looking Higher
Dunkin’ Brands Group, Inc. (DNKN) has carved out a base-like accumulation pattern since added to our MPTrader model portfolio on Oct 27 (at 41.57). The pattern is pushing prices up against key resistance along the July-Dec resistance line, now at 43.30.
If 43.30 is hurdled and sustained, DNKN should continue higher, into its unfilled gap area starting at 45.00.
Originally published on MPTrader.com.
