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.

TA Over-Exposure

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Today legions of chartists ply their trade with ever fancier charts and (in my opinion) ever more erratic results

I’ll begin this post by noting that I love charts. I began my market journey using charts, and I have noted over the years that technical analysis is a great tool to have in a trader’s or investor’s tool box. So many times over the years has an existing trend kept me patient despite a shorter-term move to the contrary. So many times have breakdowns of technical parameters kept me from catastrophic losses, or holds of said parameters kept me in the game for large profits. In short, I am one of these guys…

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Four Play

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It was another good day! However, being a cautious chap, I raised cash (again!) in anticipation of the CPI result in the morning. The mere fact that I took some profits and bumped cash up to 29% probably creates a metaphysical guarantee and the market will absolutely plunge in the morning. We shall see.

In the meanwhile, resistance held beautifully. On the /ES, we have rallied mightily since the opening bell on Sunday, and we smashed right into the red line that formerly represented supporting price levels. The overhead supply in this region is an important barrier.

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