I saw a prominent article yesterday which struck a chord with me personally.
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.
Thank You, Grim Reaper!
And the Jobs Go Poof!
Everything’s Eventual
Finally some signs of a genuine, can be seen with the naked eye, retracement on equity indices today. I was talking in this morning’s premarket video about the possibility of setting up some decent quality hourly RSI 14 sell signals on SPX and NDX for the first time since the all time highs were made and they set up and fixed this morning into the decline that we have been watching today.
I have been muttering that without retracements there are no chart patterns, and this delivers a shot at finally seeing some of those form, and also a shot at setting up decent possible negative divergences on the daily RSI 14 or RSI 5 charts, again for the first time since the all time highs were made.
(more…)A Delightful Surprise
When looking at the charts this morning, it seemed like another grim day for the bears. The only bright spot, Schwab (SCHW) was already starting to strengthen. After a raft of economic data tumbled in, delighting the bulls into an antique-shopping, hair-dressing frenzy, everything fell apart, piece by piece, and step by step, throughout the entire day. It was a lovely sight.
