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 seems hard to believe it was so recent, but the highest level for the Dow Industrials in human history was only on Thursday, when it reached the lofty 41,376 (keep in mind, this sucker was 6,469 during the financial crisis). It reversed over 1,000 points within hours, and at this point, the next success for the bears would be a failure of the psychologically-important 40,000 leve.
A little over a week ago, the Russell 2000 small caps reached escape velocity and were finally able to free themselves from the clutches of a two-year price range. Over the course of the most recent 16 trading hours, most of this “escape” has been erased, but this could still be considered a bullish setup (very bullish, in fact) IF prices stabilize above the Fib and don’t slip below it. On the other hand, a failure of the Fib would represent a failed bullish breakout and suggest we’re simply back into the old range.
This isn’t the first time we’ve seen the peculiar “Ichthus” pattern (it’s not real; I made it up back in 2015) on financial charts, and here it is again on the Dow 15 Utilities. I’ve sort of given up on the $UTIL behaving itself properly, but I still find this fishy pattern to be fascinating, so long as it continues to respect the trendlines which comprise it.
Before I even start into this best-of-Slope post, I’ll come right out and say it: if you are (or know of) someone in the world of literary agents or publishing, I’d love to hear from you. By the end of this post, I think you’ll see why! So here we go.
I’ve been a professional writer since I was a teenager. I wrote for national magazines at 15, had my first published book at 16, and by the time I was 25, I had written that many books (that is to say: 25). They were all books about computers, and I was financially independent by the time I was in my late teens. Getting published was very easy, because almost every book proposal I came up with was accepted. I had no agent. Just myself.
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