Around 1990, everyone figured Japan was going to be the #1 economy in the world. Well, they did indeed become #1, but perhaps not in the contest they anticipated.
Japan #1 After All!
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.
Something Bigger Coming?
Today was far and away my best day of the year. The second-best day isn’t even in the same ZIP code. It was really all about what I said in my premium post last night, and it all transpired As God Intended ™. It may be the most inspired post I’ve ever written about the markets.
OK, great, so since our time machine’s busted, now what? Well, it’s not like we’re going to go down every day, but I truly think the bears have control of this market now. Here we see the NASDAQ Composite has completed an impressive top and even closed below the low of the October 10th “Chinese 145% tariffs” nonsense before Trump TACO’d himself.
The Bull That Didn’t Charge
In my posts on 20th October, 24th October, and 28th October I was looking at the rising wedges on SPX, QQQ, DIA and IWM from the April lows and weighing the odds of these breaking down into a substantial retracement in the near future.
I was saying that these are all good quality mature patterns that I would normally expect to break down, but was concerned that we might instead see the start of a larger break up into December.
In my last post on 7th November I was noting that all those wedges had broken down and gave some downside target areas that I was looking at initially.
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