TRAN called the action yesterday best, as I suspected when I proposed it as my confirmation index yesterday morning. TRAN hit the ascending triangle target at the opening high, then retraced to retest broken falling channel resistance, then rallied for the rest of the day. The next obvious target is a retest of the highs and possibly making the second high of a larger double-top there. TRAN 60min chart: (more…)
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.
From the Winner of the Nobel Piece Prize
I guess we finally have a government that truly represents Americuh.
Budget Deal Rally In One Image
We Will Be Spared a Repeat of October
Well, the word is that Congress has put together a budget deal that will settle up the financial 
debate for 2014 and 2015. Although it needs to actually pass Congress, it already seems likely that it will, and from what I’ve read so far, it looks like business as usual: the modest reductions in spending that were in place are already being dismantled, and a handful of puny revenue enhancements (like an extra $2.50 for airplane trips) is supposed to plug the hole. With a $17 trillion deficit, the U.S. shouldn’t even bother monkeying around with $2.50 fees. If it’s going to ride the road to ruin, it might as well slam on the accelerator and do it in style.
I, for one, am not going to miss going through another round of antics with Reid, Boehner, and all the other nitwits we had to stomach in late September and early October. I do think, however, that Congress has been lulled into a sense of financial complacency by the tentatively-healthy economy. As things sour in the months ahead on the financial scene, the situation with the finances of the U.S. government are going to go from bad to worse.
One Thing Ugly Can’t Cure
As the new Anti-Christ, the disgusting and demonic Janet Yellen hopes to totter her way into glory by enjoying the same free ride the soon-to-be-former Anti-Christ, Benjamin {Middle Name Redacted for the Sake of Political Correctness} Bernanke enjoyed: specifically, to puke $85 billion per month (or more) into the market, keeping the sheeple shut up and the rich ever-richer. (more…)
