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’s Coming

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They aren’t making this easy for us, are they? Looking at the past few trading days, we’ve got a triple-black diamond level of challenges in this chart, because in just a matter of days we had:

  1. a terrifying inverted H&S pattern which suggested a huge rally ahead;
  2. a breakout (blue) that signaled the rally had started, only to fail almost instantly;
  3. another bigger breakout (red) suggesting that, nope, this time is was for real;
  4. only to be followed by an outright collapse to last week’s lows
(more…)