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.
Sandisk at the Trendline
My message here couldn’t be simpler: Sandisk went up EIGHTY-FOLD in a single YEAR, which is just goddamned stupid, and it’s lost 25% in a matter of days. It is precisely at its lifetime trendline. Break it, and it’s game over.
Price Target for BITI
In this Everything Bubble nightmare we’ve been living through since March 9, 2009, assets continue to vault to lifetime highs each and every day with one notable exception: crypto.
At long last, the crypto creeps have been shamed into oblivion, and while most of these “coins” are ultimately heading for $0, there’s already been substantial progress in that direction with even the bluest of the blue chips, Bitcoin, losing well more than half of its value in a matter of months.
Bob and Weave
Coreweave (CRWV) is at the center of the whole hyperscaling build-out, and as such, it has the potential to completely burn to the ground. I’d be tempted to short this based on its rounded top, but there’s a reason I’m not touching it: because all three instances of such a pattern led to either nothing more than brief downturn or, for the largest one, absolutely nothing.
My reluctance to take a position probably guarantees this thing will finally enter the collapse it so richly deserves.
We’re Getting SO Close
All this chop for all these months is exhausting, but the bigger picture is marvelously enticing. This one simple chart of the /ES (4-hour bars) has the potential for the trade of the year. All it has to do is slip below that green support level.
