I would love to be able to say to you that God came to me in a dream last night and provided me clairvoyance as to the future of the equities market. Sadly, I did have dreams all last night, but they were – and I am not making this up – about urea. I learned recently that there is a futures market in the stuff, and I guess my subconscious found this deeply troubling, so I spent an entire night dreaming about talking with loved ones about urea. . (more…)
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.
SP500: Trading Range Before The Plunge?
Until the analogy with 2011 is invalidated, I’m going to operate under the assumption that we still have ahead of us a high-volume hammer candle on the weekly chart. I’ve marked up a few things in the SPY chart below as guidance on what we may expect: (more…)
Giants and Pygmies
It seems that Ben Bernanke’s term as head at the Fed is coming to an end and that he will most likely be replaced in January 2014. That brought to my mind Isaac Newton’s famous comment that ‘if I have seen further than others it is because I have stood on the shoulders of giants’. In defense of Ben Bernanke’s record at the helm of the Fed, he was standing on the shoulders of his pygmy predecessor Alan Greenspan, and perhaps he would have seemed less of a pygmy himself had he not followed one of the least farsighted and most reckless Fed Chairman in history. (more…)
1929 Analog – Part One
Kiwi Flashback to 2008
Since the latest EP is, as usual, generating a mountain of comments, I thought I’d put up a comment-cleaner before turning it for the day.
I’ll just leave this simple chart here for your consideration – – the NZD/USD recently broken a long-lived ascending trendline. It did exactly the same thing in early July 2008, a few months before some real fun began. Take it for what it’s worth. (more…)
