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.

Should You Go to College?

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As the headline to this post suggests, I’m not going to write about charts or the stock market right now. I certainly could, because I’m actually enjoying trading more than I have in quite some time, and I am very heavily exposed with 64 positions using over 200% of my portfolio cash value. However, I don’t have anything especially new to say, so I’d rather lay out some thoughts that occurred to me – – when else? – – during a dog walk.

As I was strolling along in the chilly pre-dawn hours, I asked myself how much good college has done for me. It didn’t take me long to conclude: zero. Some of you know that I graduated from college rather swiftly (in just 2 1/2 years), since I was eager to get into the world of work. The information I garnered during those 2 1/2 years hasn’t been useful to me even once during the many years since I graduated, and there isn’t a single contact I made in college that was beneficial to me in any way at all.

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A Small Blizzard Of Falling Wedges

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Nice decline on SPX yesterday morning, which didn’t fill the open gap support into 2363.64, and a nice rally in the afternoon, that didn’t fill the open (possibly breakaway) gap resistance into Friday’s close at 2383.12. The opening setup here is 70% bullish falling wedges breaking up on all of SPX, ES, NDX, NQ and RUT, TF. I posted my premarket video that I record every morning for Daily Video Service subscribers at theartofchart.net on my twitter this morning before the open to show the setup, and you can see that video here. SPX 60min chart:

170307 SPX 60min

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