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.

The Beauty Of Symmetry (by MacroStory.com)

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There are no other words to describe the symmetry between these two chart patterns than simply beautiful.

I purposely left the scale and dates off the charts as to not distract your eyes. It is simply too powerful to ignore yet that is what many have done, self included over the past two weeks as the 200MA blurred our vision. A somewhat meaningless number took our eyes off the pattern playing out before us.

Again as to not distract your eyes I color coded three distinct phases (phase 1 in orange, phase 2 in purple and phase 3 in blue). Notice the symmetry once again. But to me what is most powerful at this very moment is the position of the last few candles and the moving averages.

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Revisiting the 1937-1942 Analog

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Long-term readers know that I was, at one point, quite obsessed with the notion that we were repeating what was seen from 1937-1942 with respect to the market from 2007 to about 2014. The analog disappointed me enough times that I stopped looking at it.

Last night, however, my doppelganger and Parisian friend Serge sent me this portion of the analog comparing the late 1930s with present market activity. Serge has an amazing eye for analogs, and this one merits attention:

1029-analog