Not too many folks followed the BROKER/DEALER INDEX (symbol $XBD in SlopeCharts) but it’s beautifully patterned these days.
Broker/Dealer Wedge Wipeout
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.
Another Hideous Lifetime Low
The legacy of the hideous Neumann vermin continues to plunge new depths (not that it matters to them; as you know, they got away with the entire scheme). What possessed anyone to buy this fraudulent pile of moose droppings is far beyond my capacity. It’s deep in penny-stock-land now………and this from a guy who declared he would be the world’s first trillionaire.
Arrest Greg Becker!
Head & Schwaber Pattern
The Target is Set
As I mentioned last post, I dropped to my knees, thanked my lucky stars, and eased back on positions. Here is my present positioning:
- 25 bearish positions
- Increased cash from 0% to 20%
- Salty as hell
The easing back comes from two places. One, spending the weekend scared to pieces about what today would bring, and grateful to have less risk on, and two, cognizant of the CPI report in the morning and not wanting to get unexpectedly run over. The point is that my nerves have had their fair share of strain over the past 48 hours, and I’m giving myself some peace.
Although I reduced it a full 50%, my EFA short is still my biggest position, and the top has completed nicely with a gap this morning to boot.
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