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.

Wow Jones

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Until yesterday, my one and only aggressive position — that is, my only options position at all – – was DIA October puts. I was getting increasingly nervous about the massive, inverted head & shoulders pattern on the Dow, so during yesterday’s all-too-brief triple-digit tumble on the Dow, I decided to give my heart a break and sold off the entire position (red oval on the left of the chart below).

Thank God, too. As you can see, this morning the /YM has been a bottle rocket, and the neckline for the aforementioned bullish pattern was cracked (arrow).

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