I hardly ever trade Microsoft, but I noted with interest this morning that it’s doing a complete rehash of its behavior of early 2012. Check out the breakouts!
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.
Sunny Skies Equities Die
As I’m writing this the S&P is in beautiful new all time high territory. The concept of a correction has now been downgraded to, at worst, a gap down in the morning to be bought and at best, a five point intraday drop. This is the world we live in. And the consensus seems to be that this will continue for the foreseeable future. Every central bank in the world is printing, there is zero fear, and we are now in Livermore’s AOT market meaning “buy any old thing.”
An Old Miners Prediction
I was looking for a spreadsheet document just now when I saw a file on my hard drive called “GDX Prediction”. I was intrigued and I opened it up. It looked like this:
I couldn’t really tell what I was trying to get at, except that it was obviously some kind of analog, but I noticed that the final price level I predicted from nearly a year ago was $37.31; I glanced at the quote for GDX…….
Hmmm. I took a look at the date stamp on the spreadsheet (it was from May 11 of last year), and I dug through the calender archive of Slope, and I managed to find the post, which is right here.
So, errr, I guess this prediction worked out great, although I sure wish I had some more context! I’m as bearish on miners as ever, as most of you know.
HUI as Road Map
In an earlier post I pulled the old HUI 888 skeleton out of my closet. 888 (AKA the 3 Snowmen) was a target measurement based on how the chart looked in 2010. It can be liberating to take your worst call and publicize it for the world to see. They tell me that you sell a lot of newsletters that way too 
. All market geniuses should try it once in a while.
Kidding aside, it can be a lesson in learning from mistakes. Can this chart tell us anything of value today?
HUI monthly chart (through 2010)
