An Anzani 10-cylinder radial aircraft engine (image via Wikimedia Commons).
(more…)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.
Wanted: A Market
Let us begin with some dialog from Star Trek’s “Court Martial” episode:
SPOCK: But the computer is inaccurate, nevertheless.
SHAW: Why do you say that?
SPOCK: It reports that the jettison button was pressed before the Red Alert.
SHAW: In other words, it reports that Captain Kirk was reacting to an extreme emergency that did not then exist.
SPOCK: And that is impossible.
SHAW: Is it? Were you watching him the exact moment he pressed the jettison button?
SPOCK: No, I was occupied. The ship was already on Yellow Alert.
SHAW: Then how can you dispute the finding of the log?
SPOCK: I do not dispute it. I merely state that it is wrong.
SHAW: Oh? On what do you base that statement?
SPOCK: I know the Captain. He is incapable…….
SHAW: Please instruct the witness not to speculate.
SPOCK: Lieutenant, I am half Vulcanian. Vulcanians do not speculate. I speak from pure logic. If I let go of a hammer on a planet that has a positive gravity, I need not see it fall to know that it has in fact fallen.
SHAW: I do not see what that has to
SPOCK: Gentlemen, human beings have characteristics just as inanimate objects do. It is impossible for Captain Kirk to act out of panic or malice. It is not his nature.
Big Picture Saturday
Preface to all three parts: This is going to be a quiet weekend, so I am sharing my 45 short positions in three equal parts. I have made a point of showing the entire graph, so you get the “big picture” view (click any chart to enter gallery mode for huge charts). I must say, as nettlesome as the market has been, these are all really beautiful setups.
Deviant Behavior
On Friday afternoon, I proudly announced that SlopeCharts now have the VWAP study. As pleased as people were to hear that, it took them about 9 seconds to make a request: “Give us standard deviation lines!”
Fast-moving sumbitches that we are, we actually made that happen Friday evening! I am therefore doubly-pleased to re-introduce the enhanced VWAP study:
