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.

Echo of the 2000 Bear

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Well, I wasn’t planning to write a post, but I was studying tonight and thought this was good enough for at least a quick post to take some of the posting weight off ‘ole Tim’s shoulders.

I specifically went looking for any portion of the 2000 or 2008 bear markets that formed a daily falling wedge and I found one indeed at the beginning of the 2000 bear market.

I was looking for a case where the weekly band was being repeatedly hit and overthrown (as is typical in an actual bear market rather than a corrective period) with competing trend lines narrowing into a falling wedge over months of trade.

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Tigger Fib

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Well, one thing is for sure: the ES sure is respectful of its Fibonacci levels! It has become practically comic (and awfully cool) how the price action is banging between these retracements like a racquetball in a court. The entirety of Sunday and Monday consisted of a plunge to one level, a bounce all the way back up, then a partial drop, and yet another bounce to the same level.

fibbounce
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