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 Analysis on SMH (by Mike Paulenoff)

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The Semiconductor HOLDRs (SMH) is acting "very technical" today, as the price structure gapped up, thrusting out of a near-term, base-like pattern. My near-term work argues that the SMH ended a significant correction at the March 16 low of 32.32, and has started a potent recovery rally at the very least and perhaps a new upleg in its larger bull trend from the August 2010 low at 24.14. The price thrust projects a next target of 35.25/75. As long as 33.25 is not violated on any weakness, the pattern looks very compelling near-term.

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Originally published on MPTrader.com.

Gold & Silver Chart Analysis (by Mike Paulenoff)

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Although gold and silver have yet to show much, if any, upside volatility amidst the Japan crisis, the patterns carved out during the past several sessions strongly suggest corrections are ending and new uplegs about to emerge.

Given the uncertain and chaotic environment in the financial markets, this move could be powerfully higher — towards $1525 in gold and $40.00 in silver — against a backdrop of a rising euro/USD (falling US Dollar). 

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Originally published on MPTrader.com.