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.
Seeds of Destruction
Rising Wedges Break Down
In my posts on 20th October, 24th October, and 28th October I was looking at the rising wedges on SPX, QQQ, DIA and IWM from the April lows and weighing the odds of these breaking down into a substantial retracement in the near future.
I was saying that these are all good quality mature patterns that I would normally expect to break down, but was concerned that we might instead see the start of a larger break up into December.
My concerns to the upside were firstly that November and December lean significantly bullish, and that remains the case of course.
Shorter term I was concerned that the Fed cut might trigger an upside break but that didn’t happen.
(more…)Thursday PM Thoughts
Yesterday, I did a post called “What Thursday Requires“. It might as well have been titled, “If the market doesn’t fall, we’re screwed“, but I didn’t want to be overly dramatic. No matter: the market fell gloriously, prompted by the slavish Zerohedge permabulls breathlessly announcing another wonderful day a few moments before all hell broke loose.
