Take away all the tick-by-tick and all the noise and all the Facebook updates from Berscoloni and all those lengthy visits to the toilet by Merkel and all the horrifying grins by Sarkozy, and what is left is my target.
Please. Accept the mystery.
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.
Clouds Overhead
Earlier today, Evil Speculator posted a Gobi Desert article, highlighting the volume vacuum overhead.
I took a quick peek at SPX relative to the ichimoku cloud. With the run-up from the last few days, we are now touching/crossing the underside of the cloud (1192-ish).
Weekly Bullish Engulfing Candlestick (by Springheel Jack)
There's been quite a bit of talk on the blogs about the possibility that this bear market might be finished now. Hard to say for sure but personally I think that's unlikely. Why is that? Well the analogs being touted around are mainly from the last secular bull market 1982-2000, which was the largest secular bull run in history and so isn't an ideal guide. Times have changed now. Corporate profits have been strong for sure, but the economy itself is weak. To illustrate just how bad things are I'd like to show a chart from Money Game's Chart of the Day, which shows the percentage job losses after recessions since WW2. It makes sobering viewing. Click on the chart for see the full write-up:
Germany Dax Update (by TheInflationist)
In our last post Germany Dax Update on 6 September we were liquidating our short Dax as it approached 5000 and turned long from 5000:
That QuEasy Feeling
Friend-of-Slope and fellow blogger Serge send me a chart this morning which is, as so many of his creations are, a thing of beauty. Here it is:
What he's laid out here is not only gorgeous from a charting perspective, but it lines up beautifully with my own price projections and the events that are swirling in the world around us. Thanks, Serge; I'm prepared to become boldly bullish sometime this month!
