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.
At this point, the chorus has become universal. “We’re oversold! The McClellan Oscillator has never been this low! We’ve been down seven days in a row!” And so on. One of the many headaches of a bear market is the endless yammering from the bulls about how This Is It and that We Have Bottomed. It’s really quite annoying. In recent days, these little lunges have taken place ceaselessly, although recently with far less verve.
Bitcoin spent ten solid days going absolutely nowhere, and then today, Tuesday the 6th, it took a big old Saylor-soaking dump. This is exciting for me, because we are approaching the whisper-thin support level which, if breached, should get things really rocking to the downside.
Most of you are acquainted with the ancient Greek tale of Sisyphus, the “most cunning of men” who was condemned by the gods to roll a boulder up a hill for all eternity, only to see it roll back to the bottom each time. This myth, for obvious reasons, makes its way into the trading culture with some frequency.
A bunch of petulant, cocaine-addicted, government-welfare-queen liars. A blast from the past:
