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.

Through the NK Looking Glass

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Apologies for the late post today. I’m not feeling 100%. Still trying to shake an Xmas cold.

Another news break down on more bad news from China and I understand from twitter that North Korea are testing a hydrogen bong. Seems a bit high tech for NK but maybe that might mellow them out a bit so we’ll see. If they get the munchies then the lack of food there could become an even more serious issue of course. 🙂

New lows at the open this morning and bulls and bears have been fighting it out all morning so far. Currently bulls have been making the running but failed to sustain a break up. The key area I am watching is falling channel resistance on RUT and bulls have come close to testing that, but no cigar so far. RUT 15min chart:

160106 RUT 15min Falling Channel

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Bear Market? Maybe…

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So, here we go, the year 2016 started with a bang, but a reverse one: the market imploded  (actually it started to go down 2 days before the end of the year) and now we may be starting to see what many Slopers have desired for a long time: a BEAR MARKET.

Is it finally going to happen? Probably yes, it’s overdue. We think 2016 has really a high chance to see at least a 20% correction, but you know as it goes with predictions, everyone make one and then in the end they are all very unreliable as it is hard to actually predict anything in the stock market, aside from framing statistical behaviors (e.g. price patterns) that seem to happen repeated times in history and thus are somehow “predictable”. That is what we do at Retracement Levels.

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