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.
I’m not particularly talented, but there’s one thing I can do better than anyone I’ve ever met: see patterns earlier, and better, than anyone else.
I offer you Exhibit A in the form of this post from January 27th, in which I introduced the “Ichthus” Jesus pattern, which exists nowhere else except in the tortured mind of TImothy Knight.
I’ve been writing this blog for so long (over a decade), I sometimes despair that my uninteresting life will stop yielding anything worth writing about. Yes, the blog is principally about technical analysis of stocks, but I like to share anecdotes from time to time, and every time I compose a good anecdote I figure that, welp, that’s the last shareable morsel of my life. So far, though, I wind up thinking of another one, sooner or later.
So here I am again.
Although I’m a dyed-in-the-wool chartist, I appreciate when people make thoughtful conjectures about what’s going to happen to a company, a financial instrument, or a country based on their broad observations. Remember, “speculate” is derived from the Latin verb speculare, which means to observe. Successful investors notice things.
As such, I’d like to share something I’ve noticed. It first started back on July 29th, when I got an email from Elon Musk (errr, not personally, but it a spammy kind of way). It started off like this:
I’ve written about American Girl before, such as this post. For those unacquainted with American Girl, it started off as a doll-based means for girls to learn about different periods of U.S. history, but it has developed into a phenomenal retail success story of overpriced Chinese-made junk sold in branded stores in high-end shopping malls (like, oh, say, the Stanford Shopping Center). It’s a big deal for the 9-12 year old crowd.
I realized that our mentally-challenged, differently-abled bullish friends will refuse to accept it for a long, long time, but their welfare-sponsored bull-run ended last December. The breakdown has been subtle since then, and the Silicon Valley stocks that are keeping my house valued at preposterous levels just keep shooting higher (GOOGL, etc.)
But the cold fact of the matter is that there’s rot beneath the surface, and the failure of JNK today – – a chart I’ve been watching with great zeal and interest – – seals the deal. A major bear market truly has started, and we’re going to see the fraud from the past six years unwind in a glorious, albeit inconsistent, fashion.
