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.

A Glorious Piece of Crap

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If you are anything like me – – and, trust me, I hope you aren’t, but just in case – – your head is filled with jingles and commercials from decades ago. For no particular reason, one popped into my head recent, which was for the 1980 Chevy Citation. “It’s the first………Chevy of the Eighties…….”

Now, even as a child, I had utter disdain for American cars, and the Citation was no exception. I intuitively knew they were poorly-engineered and slapped together by overpaid UAW employees, and thus, until the Tesla came along, I never bought anything built in the good old U.S.A.

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Shanghai Index in Weak Rally as China’s Credit Rating Downgraded to A+

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The Shanghai Index has recently begun to rally, after remaining in a large sideways congestion zone since mid-2015, as shown on the following Daily chart.

It’s currently trading under the bullish influence of a moving average Golden Cross formation, with the RSI, MACD and PMO technical indicators making a corresponding higher swing high. However, the MACD and PMO have recently made a bearish crossover “SELL” signal…if the RSI drops and holds below the 50 level, we may see price drop and retest near-term support at 3250, or fall to, potentially 3000, or lower.

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