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.

Below the Line

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It’s always a good morning to see equity bulls get torched. We’re only an hour into the day, but so far, so good – – -the only good bull is a disappointed one, so watching the ES plunge from a huge green open to slipping swiftly puts a smile on my face and a stride in my step. I won’t be fully happy until the Dow is at 6,000 again. Bring on the red, Fred.

Anyway, it won’t really matter until and unless the ES breaks 2100. It’s as simple as that. We’ve broken the key trendline weeks ago, which is great, but as it is now, the Powers That Be are trying desperately to prop things up for President Wide Load, so we probably won’t see real price discovery until she wins on November 8th.

1027-es

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Why Do You Allow Yourself to Be Manipulated?

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by Avi Gilburt, ElliottWaveTrader.net

After recently hitting our 5th anniversary at Elliottwavetrader.net, and now exceeding 3000 members, I have learned quite a lot about market participants.  For example, the one thing that hurts investors the most is when they lie to themselves or allow others to lie to them.

The problem is that there are so many fallacies accepted as gospel in the financial world that it causes investors to continually be looking the wrong way.  And, worse yet, “analysts” without any analytical depth (or ethics) fall back upon these fallacies, which allows them to be inappropriately propagated even further throughout the market.

When I was in 5rd grade, my teacher had a sign hanging at the front of the room which said “put brain in gear before engaging mouth.”  I would like to slightly modify this sound advice to fit our purposes in the financial markets: “put brain in gear before engaging pocketbook.”

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