It’s gratifying to see the monster tops I’ve been following so intent are clearly exhausted and ready to turn down hard.
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The Monsters Get Mushy
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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.
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Switched-On Bach
As you probably know, Mr. Burt Bacharach died yesterday at the age of 94. I did a post in his honor, but if you just look at the list of greatest hit songs the man made, it’s jaw-dropping. I couldn’t help myself from sharing three more of my favorites. This man was a great genius, and we were blessed to have lived in his time.
Short-Term Target Met
Don’t get me wrong. I hardly think TSLA has slipped one day and that’s the end of it. On the contrary, my first meaningful target price is $165. For the immediate moment, however, it did a great job nailing its measured move for its head and shoulders top based on the minute bars.
One for the Hall of Fame
Golden Shower
A stunning amount of digital ink has been spilled over the GOLDEN CROSS, which is the media’s favorite elementary school technical indicator. With it, they show that the 50 day moving average has crossed above the 200 day moving average, and by golly, that has always meant, 100% of the time, that a new bull market has started. I’ve seen this announcement countless times this week.
