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.

The Break Up

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One of the values of patterns with charts isn’t just to observe when things are going right, but also to recognize when things are going wrong. I was reminded of this today since Alexion was bought (symbol ALXN). The “heads up” on this was actually weeks ago, when the descending trendline was broken. Here are some good examples of how pattern violation presaged from powerful bullish moves. For bears, the break was a time to get out; for bulls, it was a time to get in.

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The Final Frontier

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An entire generation of degenerate gamblers has been created this year. Moments ago, I stumbled upon a fellow who put virtually his entire $200,000 account into weekly calls of Virgin Galactic. Call me crazy, but I think buying calls that expire in a week’s time on a space travel company isn’t a great move. Anyway, over the weekend, news came out that its first attempt at space flight was a disaster, thus the stock lost almost a fifth of its value on Monday’s session.

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