I feel a little silly with all these Premium Posts, since I warned you last last week that I’d be quiet since – – let’s face it – – a market this oversold isn’t exactly chock full of great shorting opportunities. All the same, here’s another one I like: American Axle and Manufacturing Holdings (AXL). Check out the analog:
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.
NASDAQ Reached Major Support
Yesterday, the NASDAQ got clobbered so hard that it did something it hasn’t done in years: it tagged its long-term supporting trendline. This line goes back to March 6,2009, when this idiotic bull market started.
This is a “glass half-full/glass half-empty” kind of situation. On the one hand, bulls could get excited by this event, claiming – – quite plausibly! – – that this is a fantastic time to buy, just like it was in February 2016 the last time the trendline was met. On the other hand, if some “shock event” happens – – maybe Facebook (Tuesday after the close) or Apple (Thursday after the close), and this trendline is broken, well………..let’s just say Slope’s surging popularity will just get surge-i-er.
Marijuana Fad Keeps Fading
For Your Consideration
After the Fall
There’s something I’ve noticed on Slope that I find perplexing, a little troubling, and ever-so-slightly amusing. Whenever I write anything that seems to be a prediction, some people get their feathers quite ruffled. Indeed, it seems to kind of piss them off, and they pound their virtual fists on the virtual table and declare that no one can predict anything, and that it’s an arrogant waste of time to even attempt it.
I’m in the business of prediction. Principally, I use historical price charts to try my best to suggest what the future holds. That sort of thing doesn’t seem to bother folks. On the contrary, it’s kept Slope popular, to varying degrees, for nearly fourteen years.
However, when I make, shall we say, textual predictions, some people object. I guess all I can say to that group is………you might as well stop reading the post now, because I wanted to offer up a few speculations about what’s ahead. I am by no means a futurist or an expert in societal trends. By far my biggest “this is what’s coming” success was the 1983 book I wrote, which I’ve mentioned here before, called The World Connection, which predicted our online world with Nostradamus-like accuracy. (more…)
