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.
It will probably not surprise you to know that I’m a neat freak. I’m the type who wants books at 90 degree angles to the corner of the table. The one who, back in the day, made sure all his albums were in alphabetical order and perfectly aligned at the edge. That kind of guy. An OCD freak.
It thus has me in tremors this morning that the entire financial world has been bathed in absolutely garbage data from the fine folks at the NYSE…….
The possible H&S I was looking at on Friday morning didn’t form and the move to retest the prior high has done some interesting technical damage to the bear case, so I wanted to have a look at that this morning.
The SPX hourly chart below shows the break over declining resistance from the all time high, which held perfectly at the December highs and established a high quality three touch resistance trendline.
On the bigger picture there is also a decent case that a falling wedge has formed from the all time high on SPX that could be a bull flag. That flag wedge would have underthrown bullishly at the October low and this might therefore be the start of a break up towards a possible retest of the all time high.
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As the owner of a very profitable one-person company, I’m always baffled why a website like Google would need literally hundreds of thousands of employees. I always suspected that a majority – – yes, a majority – – of the payroll at Google, Facebook, Apple, and everywhere else could be fired and no one would notice.
This has played out in real life with Twitter, which has gotten rid of 70% of its people and is INDISTINGUISHABLE from the old Twitter. Ya see, a lot of twenty-somethings basically expect huge salaries in exchange for hanging out at the office and eating, and those days are O-V-E-R. I wondered if I should do a “Day In the Life of Tim Knight” video, but I’m afraid I’d bore all of you to death.
I need your help, please. I’ve been working on the documentation for SlopeTalk, and I want to make sure I’ve covered all the important topics. Could you kindly look at this page and let me know if there are any subjects I should discuss that I have left out? Please email me directly or “@” me to tell me anything I’ve missed. Thank you!
