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.

Beware of the “Abe” Rhetoric

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As I reported in this recent post on Japan’s Nikkei Futures Index, price has entered “froth” (major resistance) levels seen in the beginnings of the 2007/08 financial crisis. As of tonight (Tuesday), price has held above the “line-in-the-sand” level of 16,666 and is now trading at 17,325, as shown on the Weekly chart of NKD below.

Beware of speculation that Prime Minister Shinzo Abe may be “considering dissolving parliament to shore up support,” as reported today in this Bloomberg article. This report may have simply been released to stir up emotions in the market place to lure short-sellers into the mix at these critical levels. (more…)

Japan’s Nikkei…Into The 2007/08 Froth

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After the Bank of Japan’s policy announcement on October 31st to increase the amount of money they’re pouring into the markets (including U.S. markets), the Nikkei Futures Index soared and ended the week just above major resistance (around 16,666) and is back into the 2007/08 froth, as shown on the Weekly chart of the NKD below.

Failure to hold this level (which is, no doubt, an important psychological level to surpass), could see this index slip back to 15,000, 13,700, or even 12,600 (as I discussed in my post of  October 12th) before they step in and prop it up, once more. Daily volumes may hold the key to direction in this regard…former buying from November of 2013 was thin and resulted in “dead-cat-bounces.”