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.

Short Term – We Are At Top of the Channel

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Of course just as finish my Bullish Longer Term assessment of the SPX – We print a shooting star which could (should) signal a reversal down in the current channel.

I thought we would have seen this earlier based on the swing / time frames since the June 4 Low.

If you’re playing this short the R1 at 1405 is a likely target and now support – Likewise this is a good place to buy if you believe it’s going higher.

Should that fail then the pivot and 50 DMA converge almost exactly at 1365.

Bear Case is Gone….For Now (by KC Scott)

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I find it very difficult not to be a Bear now –

For reasons like: Bear0

  • Economy / unemployment                                
  • Overall mediocre earnings
  • No QE3 is coming
  • Greece default still looming
  • Fiscal cliff in 2012

Yet the market continues to move higher. and as Jesse Livemore said so succinctly:

 

"They say there are two sides to everything. But there is only one side to the stock market; and it is not the bull side or the bear side, but the right side"

In this case though Price is the ultimate arbiter and price tells us the market is going higher.

Here's a three year weekly chart of S&P 500. The Andrews Fork (blue), Channel (black) and trend from the June 4 bottom (green) all point one direction – up. That it broke into the upper half of the Andrews Fork off the June lows was the final decision point for me.

Even the Euro appears to be breaking out of its consolidation pattern:

When price tells me it's time to sell – I'll listen

But for now it's the Bulls Market

What to Do in Case of a Malware Attack

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What prompts me to write this is today I clicked on a link in Digg and it launched a malware attack on my computer. Luckily when the pop up happened I knew what to do – which was NOT click on anything in the webpage. I just opened my task manager and stopped Internet Explorer before any damage could be done.

I'm fortunate it was a lower grade attack and that solved the problem.  I've dealt with this shit before so hopefully this may be helpful to some of you

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The Twitter Black Market – Selling “Followers” on eBay

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According to a report from barracuda labs, there is an exploding underground economy for twitter users going on right now

Deal

The Market place is ebay and other websites. Right now there are 196 listing to buy twitter followers with prices starting at $15 per 20,000

So who buys twitter followers?  Commercial products, political campaigns or anyone wanting to look more popular

The irony, according to barracuda labs,  is a large number of these "followers" are actually fake accounts:

For the past 75 days, we have been investigating the business of trading Twitter followers on eBay and other websites searched from Google. As it turns out, this underground economy on Twitter is blooming! The results show that this Twitter business is growing very fast to form a series of underground markets.

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Hello Slopers – Let’s Talk Some Trash

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Hello everyone I'm KC Scott and I'd like to start by thanking Tim for allowing me to share my thoughts with you fine folks. I've followed Slope for quite a few years and am always impressed by the quality of the content and your responses. This is a very smart blog and I'm proud to contribute. (Editor's Note – I was also delighted to see Scott escaped the clutches of IBC to the gentle world of Slope; we welcome him heartily – Tim)

For my first post, I thought we would talk trash – and how it relates to US Economy

I just listened to an interview with Economist Michael McDonough from Bloomberg Briefs over at marketplace.org.  McDonough offered a theory regarding the correlation of the amount of Trash hauled via rail to the Health of the Economy. He also offered the accompanying chart which tracks how well his indicator has performed since 1994.

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