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.

Crude Oil’s Sweet Spot

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The long-term chart below of Crude Oil shows a potential reverse Head & Shoulders pattern that has formed since the end of 2014, with a high-level tug-of-war occurring above the light green shaded area (just above a 78.6% Fibonacci retracement level and within the upper half of a declining channel) at 43.50 since mid-2016.

At the moment, we see major indecision around the 50.00 level (50 & 200-day moving averages).

A breakout and hold above the reverse H&S pattern neckline around 57.00 would be significant, inasmuch as we see a confluence of major Fibonacci, channel, and price resistance at that level. I’d call that Oil’s sweet spot.

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Ignore-ance Is Bliss

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One of the core features of the Slope of Hope (besides – cough cough – SlopeCharts – cough cough) is its custom-made comments system. Having been online since 1981 myself, I am acutely sensitive to the online community experience, and I’ve tried to build a comments system that reflects those values.

One rather unique feature in it is the ability to ignore anyone. This has improved the social atmosphere here tremendously, since people are spared reading the thoughts or those who, for whatever reason, rub them the wrong way. For all these years, if a given individual was ignored, then their comment would not appear, although their name and a blue line would:

0603-ignore

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