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.
I’ll start the post with a gripe I’ve had for years.
Allow me to share, for illustrative purposes, an analysis from the boys in (the ironically-named town) Gainesville. It shows plain-as-day, clear-as-can-be, that the market has completely topped “5 of 5 of 5“) and is about to go into a complete free fall.
Our friends in Gainesville are making the message clear: the market sure needs to reverse course in the next day or two, or else we’re heading to Yet More Lifetime Highs.
Our friends down in Gainesville sure think so. I am sure HOPE so, since the past four trading days have been no walk in the park (my gains in longs notwithstanding).
Our friends at Elliott Wave published three charts I wanted to share. The first is my favorite, because it shows that bears have now gone extinct. The investors “intelligence” survey illustrates that advisors haven’t been this bullish in a full seven years. Looking at this chart, it seems to me that extreme bearishness is a better pivot indicator than extreme bullishness (notice how many times the bullish percentage was high, but the market kept chugging along).
