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.
It was a very interesting Tuesday. Let’s look at five index charts. The first, the NASDAQ Composite, blew past its price gap Monday, only to fall back below the gap Tuesday. Not only is it a failed bullish breakout, it is also a bearish engulfing pattern.
For the first time in weeks – – and it feels like months – – we got a decent sell-off today. Perhaps there’s a law that says that, in a given calendar year, when MarketEar issues their 1,000th raging BUY post on Zerohedge, the market is required to fall. In any case, I welcome the red, and below are eight of my existing bearish positions whose patterns I find particularly tasty.
Here is a well-made and enlightening video about chaos and order, good and evil, and other important dichotomies we all share. It is particularly germane for our times.
No clever post title this time. That pretty much just lays it on the line. It’s all about the price gap.
Years ago, ZH was my hero. Their voice – – and it was a loud one – – said the kinds of things I wanted to say. They used to think crypto was idiotic, that stocks were overvalued, that Goldman Sachs was the anti-Christ (more specifically, a vampire squid), and they did it all without politics.
These days, every single thing is reversed. They WORSHIP Goldman Sachs. They are permabulls to the Nth degree. They think crypto is going to save the world. And, as for politics, their comments section is like a national Klan convention.
A tidbit of this was experienced earlier today, when they were cheering on Bitcoin’s ascent, while they mocked any skepticism about its imminent lifetime highs.
