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.

Put Me In Coach

By -

This is just a random anecdote, since another morning of an ES virtually unchanged doesn’t exactly enflame my passion about talking about these oh-so-exciting markets………

I was putting together a family vacation this summer, and I secured us some tickets. The tickets were in the coach section (hey, I’ve been bearish all my life – what do you expect?), but before doing the purchase, I was presented with a series of choices. I want you to keep in mind this is basically a domestic trip. Anyway, kindly take note of the price I was going to pay ($1717) as well as the “Flagship First” offering at the bottom. (more…)

Metals Bottoming In The Upcoming Week?

By -

By Avi Gilburt, ElliottWaveTrader.net

First published on Saturday May 6 for members of ElliottWaveTrader.net:  Last week, I noted that we still likely have lower levels to strike in this complex, but that I expect the market to set up a bottom very soon.  I still maintain that expectation as I write this.

In my last weekend update, I noted that we still needed to complete waves 3, 4 and 5 in this (c) wave of wave (2) in the GDX.   We now have the minimal number of waves in place to the downside to consider it complete.   However, we did not strike our ideal target of 20.31, where (a) would equal (c), nor did we see a full 5 waves up off the lows we struck this past week.   So, since we do not have any confirmation that a bottom has, in fact, been struck, it leaves the door open for the market to still strike our target.

(more…)