It’s honestly just beautiful. A channel spanning an entire decade, once broken, created rock-solid resistance:
Facebook: Perfect Channel Failure
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.
Emerging Still Submerging
The emerging markets fund (symbol EEM) has been in its own, and virtually uninterrupted bear market, since it peaked February 16, 2021 (incredibly, more than 14 months ago; were only we so lucky in the U.S. to have stocks come to their senses like this!) It’s been an amazing progression, particularly given its relationship with its now-broken channel as well as its Fibonacci Retracements.
Matchless
I presently have 25 bearish positions. The champion of them all right now, with a 100% return so far on the put options, is Match (symbol MTCH). It had a magnificent topping pattern (as noted multiple times in recent months) and has followed through beautifully.
The Tesla Rally Fizzles
Yet Another 70% Wipeout
Paypal, of all companies. It’s incredible how many companies are getting blown all to hell while goddamned Apple is keeping this entire farce going. It’s down yet again today (not reflected in the chart below, since I took this screenshot last night). They report on the 27th.
