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.

An Unusually Bullish Projection

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Editor’s Note: What you are about to read is dead wrong. So keep reading, because there’s a correction later…………

As I mentioned when SlopeCharts was introduced, one advantage of forcing me off ProphetCharts (which I have been using for a dozen years) was that I would get a fresh perspective on the markets. With all my symbols, trendlines, and other embellishments gone, I’d be able to perhaps shake off some old biases (or at least reduce them).

In that spirit, I offer this rather surprising post, in which I offer up the prospect of equity markets rising another 10% or so. Now perhaps my stating such a thing – – me, the permabear, saying something broadly bullish – – will be taken by some as a sign of the market top. I’ll happily exchange ridicule for top-ticking a market in exchange for a true downtrend! But regardless, here we go……….

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SlopeCharts Is LIVE!

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On Thursday, May 4th, I tried to do something that I’ve done for about 4,300 consecutive days: launch ProphetCharts. However, for the first time ever in those 4,300 days, it didn’t load. And it didn’t load for one simple reason: it doesn’t exist anymore.

It was a strange feeling, but by virtue of planning ahead on my part (and more than a couple of miracles), I was ready for this. I had a new charting platform to use. And, unlike ProphetCharts, which I had sold in January 2005, I owned this one 100%. And, today, I give it to you, free of charge. I present to you: SlopeCharts. (more…)

Two Blondes, Two Fates

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Last week, my teenaged son asked me a sincere question: “How come Marissa Mayer got $200 million by screwing up Yahoo?”

It was a good question, and one I had trouble answering at first, because I’d like him to think that there’s some level of fairness, meritocracy, and sensibility to this world of ours. In Mayer’s case, however, there is none. Her entire massive fortune is due to being in the right place, at the right time, on multiple occasions. She is no more clever or shrewd than someone who won the mega-jackpot lottery. (more…)

The Death of ProphetCharts

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And of this pleasant garden that I have mostly goodly planted, I will make him gardener for his own recreation….

If all goes as planned, the greatest and most widely-used thing I ever created in my life is going to be snuffed out. ProphetCharts, used by traders all over the world for the past dozen years, is going to be eliminated from existence by those who bought it a dozen years ago.

It was, I suppose, inevitable, but when I first got the news last December, I felt a sadness I didn’tprophetNetLogo expect. I would never compare the sense of loss to losing a child – – a pain I pray I never experience and would never wish on anyone – – but it did seem like my “first baby” was being killed, and I felt powerless.

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