I’d like to suggest that DoorDash (DASH) is going to reverse hard from here.(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.
I wanted to toot my own horn a bit – – God knows none of my subscribers are going to do it for me – – and reflect upon my recent Oh-my-God-accurate Tesla predictions to illustrate good old charting in action.
Let’s start off with this premium post that I did on November 5th. Pure and simple, I called a top. I didn’t hem and haw like some Elliott Wave goon. I didn’t say maybe it’ll go up, maybe it’ll go down, time will tell. I said it’s topped out. Not only that, I did so in the midst of the stock raging to levels never seen before. In retrospect, I called the top within literally a few trading hours from its absolutely top tick.
Just to show how bold – – some may say reckless – – this call was, I present to you the chart at the time. I challenge you to find anyone else on this planet on 7 billion people who made such a call. Just me. Just here on Slope. I called the top when everyone else was embracing the “base case” of TSLA going to $1800.(more…)
As we head toward a new week, it’s the Same Old, Same Old: green ES, green NQ, green RTY. My fixation remains on energy, however, which I believe has the most intriguing bearish prospects, and crude oil, bless it, is actually managing to be down 1.2% as I’m typing this, which in this environment is practically catastrophic:(more…)