Remember the bear market during the financial crisis? I sure do.
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.
Big Dome Catch-Up
Choices Choices
After the violent rally on Thursday and Friday next week the real question here is whether a significant low has been made. There are some signs that might be the case.
On the SPX daily chart the low saw a spike down through the 3sd lower band, generally a good indicator for at least a strong rally, there are possible weekly RSI 5 buy signals brewing on SPX and Dow, a decent looking falling wedge on Dow that looks like a bull flag. That amounts to a definite maybe, though even if the all time high on SPX is retested next, the odds favor at least some more downside afterwards, but I’ll be looking at that in my next post.
(more…)Glorious Dandruff
Back In the USSR
Putin revealed his thinking in a speech last week where he stated (incorrectly) that Ukraine had always been part of Russia historically, and has now followed through on that with what looks increasingly like a full occupation of Ukraine. If he meant what he said in that speech then Ukraine’s time as an independent country may well have ended for the time being, in what is also a harsh warning to any other ex USSR states bordering Russia that are thinking of seeking closer ties with the West, and looser ties with their scary imperial neighbor. Russia may have started to reconstruct the Soviet Union’s old empire, and a new Cold War may be starting here that would align the democratic west against the undemocratic East. That may of course have serious consequences on trade with China in due course.
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