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.

Yen Retracing

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Since Monday, hmmm were there any secret meetings that day…. The Yen has been falling.  I laid out a fib retrace and am expecting the Yen to hold support at the 50% line.  This is the new fuel for the rocket ship we call our stock market.  This is also causing the precious metals some grief (why I bought DUST), and oil to some extent, as well.  My belief is the Yen will renew its climb when our Fed does nothing in April, and no way in June with Brexit vote, on tap.  In the meantime keep your NUGT’s warm.

2016-04-14_1722

What Cha Gonna Do? (by MoneyMiser21)

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To borrow a line from George Lucas, the Bears have a “New Hope” as the debut of the 7th Star Wars movie nears its worldwide debut.

Should the /ES (on the continuous chart) break and close beneath its November 16th low at 1998.50 on the daily chart, that price action portends a stronger move lower.

From a Fibonacci perspective the 38.2% retrace from the Nov. 3rd high to the Nov. 16th low, and following failure to retest that lower swing high before rolling over, sets us up for one of two potential patterns:

#1 – The Bat pattern (cue Adam West!) (more…)