Slope of Hope Blog Posts
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I have yet another fantastic improvement to announce for SlopeCharts. Before I do, let me brief walk you through the User Preferences, since we did some changes there in order to make room for it.
In SlopeCharts, the gear icon will take you to the User Preferences dialog box.
I am delighted to let you know of another improvement to our wonderful SlopeCharts product: the Andrews Pitchfork drawn object. (Press Ctrl-F5 to refresh your SlopeCharts page if it’s already up and running).
Yep, even on a national holiday, there’s progress – – I’m happy to let you know that SlopeCharts now has five styles of bar granularity – Daily (the default), weekly, monthly, quarterly, and yearly, all accessed from this new dropdown:
This obviously gives you new insights in seeing a large amount of data; here, for instance, is the entire history of the Dow Industrials from 1900 forward:
There are two things that astonish me lately: (1) how tiny little SlopeCharts, with virtually no resources at all, is completely outstripping multi-million dollar companies who have armies of engineers (2) why anyone would choose to use anything except SlopeCharts.
Dislodging people from whatever tired old chart product they are using is very challenging, but we’re getting there.
SlopeCharts excellence has been notched up even higher with something no one on the planet has, or has even imagined. You already know about Future Trend, which we only launched a week ago. We’ve outdone ourselves by amping up this feature with something I call, somewhat paradoxically, Prior Future Trend.
So I’ll just suggest this: read what I’ve already written about it here. Try it out. Experiment.
The bottom line is that we’ve introduced a way for you to go back in time and see what Future Trend WOULD HAVE PREDICTED and see how it stacks up against reality. AAPL, for example, predicted today’s closing price almost to the penny, which just about made a body part fall off when I saw it. This is, I suspect, a notable exception, but in any case, this is a brilliant new feature you won’t see anywhere else – – until the competition steals it, as they have with just about every other charting innovation I’ve dreamed up! But………it’s here before anyone else:
I am delighted to announce another enhancement to SlopeCharts, which is the only charting platform I use. We have created something I call Future Trend, which does something I doubt any of you have seen anywhere else: it shows the next two YEARS of price data.
Now, let me stop right here and make super-dee-dooper crystal clear something that only an idiot or a lawyer would not understand: these projections are virtually guaranteed to be WRONG. Do you honestly think I have access to the next two years of stock data? If I did, I wouldn’t be running these stupid ads on the site and collecting pizza money? (This is another subtle tip that PLUS people are the ONLY people that keep Slope going – – hint, hint).
However, what we have done is created our own proprietary system which uses historical price data and seasonal trends to project an idealized and hypothetical path forward for a given security. Accessing this super-cool new feature is a cinch; just use the Hot Links menu:
We are putting the finishing touches on it right now, but very soon (perhaps even today) we will be unveiling the latest feature in SlopeCharts which I called Future Trend. By using a proprietary calculation of historical and seasonal trends created specifically for each chart, it actually projects price performance INTO THE FUTURE. I’m not sure if I’ll eventually make it a PLUS-only feature, but at first, I’m definitely going to make it available to everyone.
A couple of weeks ago, I ran a SlopeCharts survey to find out what people wanted to see in my beloved SlopeCharts product. I was surprised to see that by far the most requested improvement was the availability of chart periods other than daily – – that is, weekly and monthly charts.
Well, they’re ready to use now for everyone! You’ll see this new item up on the SlopeCharts menu bar:
I am pleased to let you know of another improvement in SlopeCharts: the Hot Links menu.
I built this menu since I kept hearing from people who were having trouble finding a few key SlopeCharts functions, and I wanted to prominently feature the most important ones. There is a totally new feature, however, which is the View SocialTrade item at the very top. (more…)
Early yesterday, I solicited feedback on SlopeCharts, which is the free charting product I built for this site. I was somewhat distressed to see this comment from pipesticks:
…..and this follow up, when Slopers asked him for more information…….
I was very pleased with the outpouring of ideas and information when I ran the SlopeCharts Survey yesterday. Thank you, everyone! There were some specific ideas and remarks I wanted to address here (I’m going to leave them in their raw unformatted state):
My major concern is I will do a chart on Bloomberg charts and a chart in SlopeCharts on the same security and sometimes they have completely different charts…usually the visual is pretty close, but I will look at the HP function on Bloomberg for historical pricing, and the numbers don’t match SlopeCharts…
I get this question all the time. The explanation is simple: our data is adjusted for dividends. Most other charts are not. I feel strongly that dividend-adjusted data is superior. NOT adjusting for dividends is the same as not adjusting for stock splits. It’s insane. I am stunned that anyone doesn’t do it. So, yes, the numbers are different, because the competition has inferior information. (more…)