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.

Chart on EMC (by Mike Paulenoff)

By -

Without hyperbole, the giant base pattern that has been formed during the past 26 months in EMC Corp. (EMC) has enormous upside potential. The conservative outlooks calls for upside continuation from the current consolidation atop the 2-year resistance plateau at 18.60/40, that projects to 20.50 to 21.00. The outlier target at 24.00 represents the optimal measured objective off of the 2-year massive base or accumulation pattern. All I know is that unless EMC breaks back under 18.00-17.90, I want to have a presence on the long side.

MrjSnllfV
Originally published on AdviceTrade.com.

Morgan Stanley (by Mike Paulenoff)

By -

Morgan Stanley (NYSE: MS) continues yesterday’s surge off of the bullish confluence EMA’s that bunched together just above 29.00, and which has helped to catapult the price structure towards a test of key resistance at 31.00/10. Purely from a technical perspective, the future of near- and perhaps intermediate-term price direction in MS will be determined by either a thrust above the Oct-Mar down trendline (31.00), or a violation of 29.00. Right now, the weight of evidence argues for a challenge of 31.00.

DmcTMt13l 

Chart Analysis on WAG (by Mike Paulenoff)

By -

My near- and intermediate-term pattern and momentum work indicate that Walgreen Co. (WAG) ended a significant correction at its Feb 5 low at 33.00 — and a retest of that low was satisfied last week at 33.44. The upmove off of last week's low into Monday's closing high at 34.17 sets up a double bottom corrective low in WAG which should propel prices to test key resistance between 35.30 and 36.10.

If my work is correct, and WAG has ended a significant corrective period within a large bull market period that began at the Oct '08 to Mar '09 lows (21.28/39), then the price structure should waste little time before heading sharply higher in a hurry.

FZNgvnmWQ