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.

Decent Looking Topping Patterns Here

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In my post on Monday 6th October I was looking at the negative divergences on SPX and QQQ, with daily RSI 14 and RSI 5 sell signals brewing on both of those. All of those fixed on Friday, with both RSI sell signals also reaching target on Friday. There are now daily RSI 14 sell signals fixed on SPX, QQQ, DIA and (weaker signal) IWM. This is suggesting a larger retracement soon to reach those targets.

I was also saying that until we saw some strong breaks below the daily middle bands on US indices they remained in a strong uptrend from the April low. On Friday they all broke hard below their daily middle bands so are all now in a possible topping process for larger retracements than the ones we saw on Friday.

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A Double Top Breaks Down on Bitcoin

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In my post on Tuesday 16th September I was looking at the possibility that we might see a modest retracement (by Crypto standards) on Crypto over the rest of the week and into the end of September, during the last significantly bearish leaning period (on equities) this year.

In my post on Wednesday 24th September I was looking at the possibility that the low on that retracement had been made and giving the obvious targets below in the event that Bitcoin (BTCUSD), Solana (SOLUSD), and Ethereum (ETHUSD) went lower.

As it turned out the short retracement low was in, all three recovered back over their daily middle bands and Bitcoin then made a new all time high.

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Black Gold

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Years ago, for a job, I made a recipe card for Black Gold. It was distributed to the public and was a featured handout when we held elementary school Compost workshops – where we made soil.

Working with the kids was fun. We got our hands dirty planting flowers, planting trees, pulling weeds, making black gold. Through a grant we made to elementary schools [$5k total; 5 schools], we built 3-bin composters made of timbers, posts and wire. Parents and students built them, and there were community contributions for some of the materials. (Big bang for buck.)

Black Gold. The dark, almost sweet-smelling, rich loamy soil that one makes from carbon and nitrogen sources. When I built a composter in my yard, I’d take a 50 gallon metal drum in the truck, drive down the road a few miles to the chicken houses, where I’d backup under the shoot and fill the drum with fresh chicken manure, a premium let’s-go material.

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Taco THIS……

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The trope, which didn’t even exist half a year ago, has already become tired: Trump says something big and brassy, the financial markets plunge, and he does a complete 180 and reverses the damage (almost certainly profiting from a huge trade in both directions).

It happened again over the past few days, of course, with your President shrieking about 100% tariffs against China (causing a massive equity and crypto collapse), then almost immediately thereafter pouring over the treacle of “the Great Chairman Xi” crap, thus creating a huge rally on Monday. Except for two stupid precious metals shorts, I covered absolutely NOTHING, because I figured the broken trend was my ally. For the moment, it seems this steadfastness has worked out.

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