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.
Rhyming Bearish Triangles on Oil & Gas
There’s an old saying from Mark Twain that history doesn’t repeat itself, but it often rhymes, meaning that the same patterns recur, but are never quite the same.
Back on Sunday 11th August I recorded a The Bigger Picture video in which I was looking at two possible bearish triangles on oil and gas. These weren’t at the same stage, but I have been thinking that they might well be part of the same possible overall sequence.
A couple of weeks later the triangle on oil (shown here on $WTIC), broke down with a minimum target at a retest of the 2023 low at 63.57. This is the chart I posted with The Bigger Picture video I recorded on 25th August.
(more…)A Little Cost Slippage
Costco (COST) is one of the most reliable stocks in the world. They may have a P/E in the mid-50s, but the market figures there are enough buyers of industrial-sized mayonnaise vats to keep the party going.
Energy Shorts Working
Just about the ONLY bright spot for me this week has been my energy shorts. The resistance on DBC held beautifully………..
How Endowments Happen
