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.

Backtesting The Daily Middle Bands

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In my post on Tuesday 5th August I was looking at the modest breaks back over the daily middle bands on SPX and QQQ on the previous day and noting that conversion of those to support would open possible all time high retests, and hard fails there would strongly support the H&S patterns forming on both.

In my post on Thursday 7th August I was saying the same about the second breaks on SPX and QQQ above those daily middle bands on Wednesday and looking at the three strong resistance trendlines on SPX, QQQ and DIA in the event that SPX and QQQ delivered those all time high retests.

In my post on Wednesday 13th August I added a fourth target trendline on IWM and noted a short term inflection point as we waited to see whether DIA would confirm the break back over the daily middle band on Tuesday. That resolved into a strong break higher on DIA.

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The Agony of Slo-Fi

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When I first got online back in 1981, about twenty years before everyone ELSE did, it was the age of acoustic couplers, 110/300 baud modems, and screeching connection sounds. I’m reminded of that right now, as I’m aboard a United flight with their horrendous Wi-Fi service, which makes CompuServe look like advanced technology. It’s absolutely agonizing to me, because the connection is so slow as to be virtually useless, plus I’ve already helplessly watched the Dow’s change diminish from negative 300 points to barely down at all.

This is a grueling five hour flight back to the Bay Area, in which I’m going to miss almost the entire trading day. It takes literally 15 minutes just to generate a blank post, so, yeah, you’re on your own, boys and girls. This is all you’re going to get until this evening.

I do have a suggestion for your time, however. EXPLORE THE SITE. I am constantly flabbergasted at how little you folks actually roam around and check out the amazing content and tools here on Slope. On occasion I’ll stumble upon a page which has been down for MONTHS and no one will have even mentioned it to me, I can only suppose because no one ever even went to check it out!

In any case, as I appear to be confined inside what for me is the pitiable torture of being almost totally offline for the trading day, please explore the site and talk amongst yourselves. I’d also beseech my occasional contributors, such as Violet, TNR, LZ, NYUGrad,and Xerxes, to dust off your keyboards and bang out a post, because it would be helpful for me to have content when I land so I can focus on getting Dukie and giving him big squishy hugs.

Until then, I appreciate your patience. God willing, I’m not going to be on a plane until well until 2026. So carve out ten minutes right now and roam Slope, because I didn’t spend the past twenty years building this place just to have a chat forum.

Spasmodic

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I’m getting ready to board Bear Force One for my return flight home, so I wanted to compose a post to give me some breathing room before I get tied up with the tasks of doing so. I’ve got 25 short positions presently, one of which is an options position: long October 17th puts on the DIA (Dow Industrials ETF). The /YM, the futures representing the Dow, have been rather spasmodic over the past day, reversing direction once they move any meaningful amount up or down. Broadly speaking, it’s heading the right way inasmuch as it’s weakening.

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