Breathtaking. Just breathtaking. The chart-friendliness of this market practically has me weeping tears of joy. It’s like God himself read Chart Your Way to Profits and decided to enforce all the rules.
Pixel-Perfect Reversal
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.
Thanks For Your Support
OK, sweet, we’ve got a tasty, nasty bear market finally cooking. So where’s the next important level of support? Well, I’ll get to that in a moment.
Yesterday, when the market had its biggest “up” day in human history, I took the very bold step of writing a post for my Gold and Diamond members and declared, via the post title, “An Argument for a Short Bounce“. In it, I declared:
To be sure, my “sweet spot” is just about 3100 on the S&P 500. But I wanted to show you the above chart to illustrate the real possibility that whatever bounce we get may not be that much more than we’ve already received.
Today’s high on the S&P 500? 3136.72, an overshoot of 1% following the emergency rate cut. It makes me feel good about the insane number of Gold members that have been signing up. I’m trying my best.
(more…)Federal Preserves
With the Fed’s absolutely laughable failure today, I thought it would be appropriate to do a post specifically about this malignant cesspool.
Allow me to present to you the roster of that most sinister of organizations, the Federal Reserve. Click on it so you can read it. The key point is that it has 18,000 employees. Eighteen. Thousand.
Boeing Vulnerable
Gargantuan corporation Boeing, maker of airplanes that stay in the air the vast majority of the time, has lost 35% of its value over the past year. It is in a massive right triangle pattern.
We Have Them By the Hip
The Fed has made their move. Time to move. On everything. No more posts for a long while today.
