It’s been out for a few years, but I only discovered this show a couple of weeks ago. It’s genius.
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.
It Seems Inevitable
With P/E of 208 and a pattern that looks like this, it seems to me relatively likely that Amazon will have a much lower price before this year is out, which could make some put owners very happy.
May I Suggest Spock?
Just a quick mention that I watched the documentary For the Love of Spock on the plane back to the Bay Area, and I absolutely loved it. I highly recommend it, particularly to those, like me, who are Original Series fans. God bless you and rest in peace, Leonard Nimoy!
The Road To 2047
The bears did a lot of technical damage yesterday, and managed to both break down from the SPX triangle and briefly break below rising wedge support from the February low. I’m expecting more downside.
When a triangle like this breaks there is a sequence from that break. First there is a backtest of broken triangle support, often going back into the triangle, and we are watching that at the moment. Then the main thrust out of the triangle starts, and after that ends, the thrust is usually fully retraced. So far the backtest is forming a very decent looking shallow rising megaphone that is very likely to be a bear flag on this setup. When that breaks down the main triangle thrust down should be in progress. SPX 1min chart:
Our Weirdening World
I think the world has become insane at a slow enough pace that no one has really noticed. Let’s just step back a moment and observe this article I saw in this morning’s paper:
