Tech Resources (symbol TECK) jumped out at me as an interesting analog. Look what happened during the last two reversal and how potent the drop was.
Tick Tock Teck
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.
Analog Hall of Fame
What Expiring Bubbles Look Like
The Nasdaq bubble popped in 2000 after motoring upward on increasing volume in two separate phases. Volume rammed upward and RSI diverged. Like shootin’ fish in a barrel it was, except that at the time I was too inexperienced to see it. It was a steep slope and blow out.
SoftBank’s Doppelganger
I would like to introduce you to a company which (a) got really lucky with one investment (b) parlayed their gains into a bunch of other risky Internet investments (c) soared in value as it captured the imagination of the investing public. What is this firm, you ask? SoftBank? Well, sort of. But let’s hop back in the time machine and go back to the 1990s:
Bitcoin Parallel
I find this quite interesting: if you look at the period of about November 2017 to August 2018 and compare it to more recent history, they are extremely similar. My conclusion from this is that Bitcoin, in spite of its recent boost, will succumb to weakness again this year, tumbling through six thousand, five thousand, and four thousand dollars.
