There is one chart I’ve looked at repeatedly but could never bring myself to short since it is relatively thinly traded: Huntsman (HUN):
Targeting Huntsman
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.
Dialed Way Back
Call it paranoia – – or gratitude for yesterday – – but I’ve closed just about every position I’ve got in my smaller account. It probably has mostly to do with the gazillion disappointments I’ve had this year, but I had fat profits in my positions and wanted to take the money and run……….two examples:
Potential Energy (by Xerxes)
This market has been fucking around for a while now. The large consolidation between 5550 and 5650 has been frustrating to say the least, but the nice thing about these setups is the large potential energy they can signify. I don’t know if anyone remembers grade school science, but potential energy is literally anything that is in a position to turn into kinetic energy (the example always given in grade school books is a child at the top of a slide). We have now seen a breakdown from this consolidation that has been building up all this potential energy, coiling up which hopefully portends further September weakness.
Obviously Compensating
