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.

Backed Off

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Things were going to great with crypto, I was seriously considering ditching all other trading instruments and focusing strictly on crypto. I’m not quite there yet. In fact, I’ve taken profits for now on about half my positions and am 50% in cash on my account. I’m watching and waiting, because the market has gone from steadfastly higher day after day (see Ethereum, below) to stalled. I want to see what happens next without staying aggressive. No diamond hands here.

slopechart ETH
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Small Cap Mountain Range

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Observe below the 60 day intraday chart of the IWM. As is plain to see, the frantic purchases by the Fed aborted yet another trendline failure – – PRECISELY to the pixel, in fact – – and we have gone vomiting higher. The bounce is weary, though, as we are pushing into a mountain range of overhead supply (on top of the fact that the abortion of the pattern completion has been achieved by the Fed). So here we sit, teetering vastly higher than we were only three trading days ago.

slopechart IWM
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