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.
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.
This morning, by way of a two hour plane ride, I traveled from the least-populated state in the U.S. (Wyoming) to the most populated (California). Waiting for me in my mailbox was yet another item from the Secretary of State in the $300 million boondoggle known as the……….
