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.

Does That Line Really Matter?

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I treat charts with a great deal of reverence, bordering on mysticism at times. But there are times when even I am incredulous that a given object on a chart actually has any say-so in what the price is doing.

I was reminded of this tonight, because I noticed a strange blue trendline on a chart whose purpose I didn’t remember. I zoomed back to a bigger time period, and the anchor points still weren’t clear. Only when I backed up a full decade did I see the line, and it turns out to be the supporting trendline for the entire ES uptrend.

estrendline (more…)