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.
You are walking on a street, toward the crest of a hill. You can hear the crackling of flames, and you can see the orange glow in the sky as cinders spiral slowly down from above you. Upon reaching the crest, you can see an entire neighborhood engulfed in a conflagration.
And there I am with a hose, pointed right at the center of the flames.
You assume, incorrectly, that I am dousing the flames with a powerful stream of water. You soon discover that the liquid shooting out of my hose is, in fact, gasoline, and I am doing my best to point the hose where I think the gas will be most effective.
Over the years, people have suggested many times that I reveal the traffic graph for Slope as a contrary indicator for the market. I think I’ve got a better idea. Looking at my own equity curve from the Top Ten Traders page, we can see I’ve lost over $5 million, a third of my account’s value. I’d like to suggest in times past these mega-plunges have been met in turn with explosions to a new high (in other words, a weak stock market). We shall see!
Oat-based milk maker Oatly (symbol OTLY) went public a couple of months ago, and they’re not exactly setting the world ablaze (although I will note it’s always sold out at Whole Foods here in my fair city).
I have long held that gold would be driven by USD/JPY, and at the start of this calendar year, it was looking very promising for gold, because the US dollar (one kind of toilet paper) was becoming more worthless than the Japanese Yen (another kind of toilet paper). I’ve marked this point with a green arrow. However, the US toilet paper has appreciated handsomely against the Japanese variety, so much so that a bullish breakout has transpired (green circle).
Day by day, the crypto world continues to move with delightful deference to the charts. It’s absolutely remarkable. I remain nothing more than an interested bystander at this point, waiting for a range break, and still holding the hunch that eventually BTC $20k will be met.