With the U.S. dollar collapsing under its own weight, and breaking key support…….
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.
Will GE Ever Recover?
GE looks to be in trouble, as it has failed to hold onto gains made after the 2008/09 financial crisis and has fallen well below longer-term major support.
However, it has just risen above a major price and Fibonacci retracement resistance level (18.66), as shown on the following Monthly chart. It will need to hold above this level and gain strength to reach its next (price) resistance level around 21.40, and, ultimately, its next Fib level at 26.65, or higher.
Watch for any increases in volumes on such a rally to confirm a potential comeback. Otherwise, it may just be a temporary dead-cat bounce.
The Blind Leading the Blind
Maybe there’s hope after all. Mark your calendars. (more…)
Impressions of the Eastern Bloc
Growing up during the Cold War as I did, my impression of places like Hungary and Czechoslovakia was that they were grey, oppressed, and full of unhappy people glumly plowing their way through life. Now that we live on a more-or-less entirely capitalist planet, it’s interesting to visit former regions of what had been the U.S.S.R. and see what it’s like.
I’ve spent the past few days in Slovakia, a place I’d never been before, nor had ever anticipated visiting. Here are a few off-the-cuff impressions I’ve had from my brief time here: (more…)