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.

Tesla’s Good Behavior

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I think one would be hard-pressed to find a financial instrument as chart-compliant as Tesla. It behaves itself beautifully with respect to its Fibonacci retracement levels and major trendlines, and what has transpired over the past couple of weeks illustrates that neatly.

The stock peaked (medium-term) on the last day of September, tagging a descending trendline that commenced at its lifetime high of $414.50 about 35 months ago (!) I suppose this must have been excitement about the 10/10 event. It has lost about 15% since then, and now I believe this is an area of strong support (green tint representing the trio of Fibs in this zone).

Off the Tracks

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Half a decade ago, I wrote a post declaring that, thank goodness, the ill-conceived High Speed Rail project in California had finally been cancelled, having been approved by voters way, way, way back in 2008. Well, I’m not sure what happened, but the cancellation got cancelled, and they’ve continued throwing billions into this money pit.

As an update, here’s how much is ready to use, 16 years after its approval. The open tracks are in green. If you’re having trouble seeing any green, don’t worry, your vision is fine.