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.
“The most massive financial crisis since the Great Depression.” How many times did we hear that? A savage mauling of worldwide markets, meant to humble and teach us. Uh-huh. Keep it in context, folks. Take a good, hard look at the entirety – – the whole thing – – of the global financial crisis. Use a magnifying glass if you must. Puny, isn’t it? Once the pumpers were let back in the door, it got smaller and smaller………and, I assure you, the world didn’t learn a thing.
I hope everyone is looking forward to the holiday weekend. I know I am, and I am planning to celebrate on Monday by moving a particularly large wardrobe from my daughter’s bedroom, and replacing it with a rather nice antique desk. Life can get pretty wild at Jack’s house. 🙂
I was talking about rising wedge resistance on ES yesterday and that trendline has been reached and overthrown today. NQ has reached a decent quality rising wedge resistance trendline as well and TF may have topped out already. We may well see a reversal here, though whether it lasts more than the usual day or two is another matter. Personally I’ll be regarding equity indices as possibly being in a two way market again only after we see a 5% pullback, and I’m aware that could take a while longer. (more…)
This is a “just for fun” anecdote. During my travels, I decided on a whim to see the big zoo in Vienna. Their big draw these days are their pandas, because the big mama panda just had two cubs. They were all sleeping, but I got within just a few inches of the mom: