tag:blogger.com,1999:blog-947237681666122369.post181417432862546108..comments2024-03-18T14:37:21.899-10:00Comments on Pretzel Logic's Market Charts and Analysis: SPX Update: Do-or-Die Week for the Big Picture Wave CountsPretzelLogichttp://www.blogger.com/profile/11613859771824863784noreply@blogger.comBlogger302125tag:blogger.com,1999:blog-947237681666122369.post-39795594287038422342012-02-07T13:40:12.833-10:002012-02-07T13:40:12.833-10:00hey im a knucklehead and proud of ithey im a knucklehead and proud of itbillabusternoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-16838813676029960152012-02-07T11:48:50.489-10:002012-02-07T11:48:50.489-10:00We are knuckleheads? Maybe they are, but I'm n...We are knuckleheads? Maybe they are, but I'm not. My feeling is really hurt.Dust Devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-90587597791271832142012-02-07T05:35:45.814-10:002012-02-07T05:35:45.814-10:00Thank you much. Will study it tonight.Thank you much. Will study it tonight.Dust Devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-16527440399423171942012-02-07T01:43:58.785-10:002012-02-07T01:43:58.785-10:00As said, you can steal, borrow anything IMO. The m...As said, you can steal, borrow anything IMO. The main point is to have a supportive environment where we all understand what is happening and make money.katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-52208430408967148472012-02-07T01:32:05.923-10:002012-02-07T01:32:05.923-10:00I am so hedged right now I might as well be in cas...I am so hedged right now I might as well be in cash. WOPR would be right...for the moment.jbg1911noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-691407604801477482012-02-07T01:07:51.767-10:002012-02-07T01:07:51.767-10:00Nice chart, AR.Nice chart, AR.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-92024429416424551222012-02-07T01:04:56.304-10:002012-02-07T01:04:56.304-10:00Update's posted, so let's continue discuss...Update's posted, so let's continue discussion over there. <br /><br />Kat, I've said it many times before about tops being a process, but I liked your phrase of "an event" -- so I stole it for today's article. Actually, I'm not 100% sure I stole it, I may have used that phrase before... probably have... but I'm too lazy to attempt to read back through all my prior aritcles to find out. So, either way, at the minimum you reminded me of the phrase. ty! :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-65362342585234583542012-02-06T23:53:11.272-10:002012-02-06T23:53:11.272-10:00Both short and long positions work here, if you wa...Both short and long positions work here, if you watch your trades on a continuous basis. All one needs is a changing price, and be willing to take profits on a small move. I've been doing well even in this slow environment.Randallhttp://profile.yahoo.com/S7GX374TOVPSSITDC5NK4WOCWYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-36756860719852732842012-02-06T23:20:44.234-10:002012-02-06T23:20:44.234-10:00With this mrkt if Israel lobbed a missile or two a...With this mrkt if Israel lobbed a missile or two at Iran the mrkt would go up. just kidding.katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-91001282488526195452012-02-06T22:34:44.160-10:002012-02-06T22:34:44.160-10:00ES/15. Tops of this nature are a process not an ev...ES/15. Tops of this nature are a process not an event.<br /><br />http://www.screencast.com/users/katzo7/folders/Jingkatzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-28349108313035911882012-02-06T21:58:18.503-10:002012-02-06T21:58:18.503-10:00Thanks, dle. :)Thanks, dle. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-43101034573604021332012-02-06T21:54:19.861-10:002012-02-06T21:54:19.861-10:00PL, anyone who understand EW truely and apply this...PL, anyone who understand EW truely and apply this theory daily should admire your courage and excellent works. I apply this principle on daily trading with confidence along with traditional TA. That's facts.dle7319noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-81623781336312347992012-02-06T21:01:08.372-10:002012-02-06T21:01:08.372-10:00DD I assure you that my brain is fried!
Not exact...DD I assure you that my brain is fried!<br /><br />Not exactly sure what your asking, but the basic premise here is that by looking at the Dow priced in gold, you get a true picture of the market - much like you would get by adjusting the DOW for inflation. What you also see is repeating patterns and in the bull gold market it's quite profound. The idea here is how can you possibly compare the DJIA's from previous years to today without removing the distortion. The index makes very predictable moves over time during a gold bear. Of course like any ratio, there are two sides to the equation when both move together, together at differing %'s and opposite directions. My personal whacko opinion is that we see this ratio at minimum drop below 5 and potentially hit 2 - I hold gold at a higher than recommended rate for any investor but until my levels are broken I will continue to hold it. I really think the market will crack and crack big time, it's only a matter of time and for my LT holdings I don't care.<br /><br />Interestingly when I was looking at applying this to some ST market trades, which I do not so frequently, I was struck by the comparisons between the June 2006 low and the October 2011 low - in the repeating pattern, they are at the same point in the pattern. If you continue that pattern to the point we are at today and transpose on the move forward from June 2006, we seem to be around the March 2007 level. Which if you buy that theory it looks like we may see a pullback shortly before continuing higher to a peak whereby a slow waterfall decline shall begin! That's the way I play it and Pretz has been critical in my ST trades, however infrequent they are, to confirm - I was able to catch the move in October upward and the move downward in November.<br /><br />Anyway, don't know if that is any helpKB03noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-5702892732647991642012-02-06T21:00:41.059-10:002012-02-06T21:00:41.059-10:00You betcha Jack. Great signals there.You betcha Jack. Great signals there.Albertarockshttp://albertarocks-ta-discussions.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-80032005106375501702012-02-06T20:59:13.371-10:002012-02-06T20:59:13.371-10:00The Aussie:Yen cross is about as ripe to issue a s...The Aussie:Yen cross is about as ripe to issue a sell signal as I've ever seen it:<br />http://stockcharts.com/h-sc/ui?s=$XAD:$XJY&p=D&b=3&g=0&id=p17270924056&a=232148737Albertarockshttp://albertarocks-ta-discussions.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-79491147154893395502012-02-06T20:54:06.462-10:002012-02-06T20:54:06.462-10:00PL, you're the best at calling market bottom. ...PL, you're the best at calling market bottom. This must be your secret ingredient then. In November, you were the only one who correctly called the bottom at 1150-1160. Others were calling 1180-1200. Thanks for sharing.t_winnnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-89868741549203949862012-02-06T20:45:26.364-10:002012-02-06T20:45:26.364-10:00Got it. Thank you, PL.Got it. Thank you, PL.Authentic1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-45584968798800823492012-02-06T20:38:18.421-10:002012-02-06T20:38:18.421-10:00DD I assure you that my brain is fried!
Not exact...DD I assure you that my brain is fried!<br /><br />Not exactly sure what your asking, but the basic premise here is that by looking at the Dow priced in gold, you get a true picture of the market - much like you would get by adjusting the DOW for inflation. What you also see is repeating patterns and in the bull gold market it's quite profound. The idea here is how can you possibly compare the DJIA's from previous years to today without removing the distortion. The index makes very predictable moves over time during a gold bear. Of course like any ratio, there are two sides to the equation when both move together, together at differing %'s and opposite directions. My personal whacko opinion is that we see this ratio at minimum drop below 5 and potentially hit 2 - I hold gold at a higher than recommended rate for any investor but until my levels are broken I will continue to hold it. I really think the market will crack and crack big time, it's only a matter of time and for my LT holdings I don't care.<br /><br />Interestingly when I was looking at applying this to some ST market trades, which I do not so frequently, I was struck by the comparisons between the June 2006 low and the October 2011 low - in the repeating pattern, they are at the same point in the pattern. If you continue that pattern to the point we are at today and transpose on the move forward from June 2006, we seem to be around the March 2007 level. Which if you buy that theory it looks like we may see a pullback shortly before continuing higher to a peak whereby a slow waterfall decline shall begin! That's the way I play it and Pretz has been critical in my ST trades, however infrequent they are, to confirm - I was able to catch the move in October upward and the move downward in November.<br /><br />Anyway, don't know if that is any helpKB03noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-40390400020497979872012-02-06T20:34:50.883-10:002012-02-06T20:34:50.883-10:00the charts show that RUT is at the intersection of...the charts show that RUT is at the intersection of 2 major trendlines, I suppose that means heavy resistance here, maybe a possible turn finally if that is not too much to wish for :) Thanks for the chartCuriousmind3861noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-17663377338024720152012-02-06T20:28:22.779-10:002012-02-06T20:28:22.779-10:00A lot of my RYDEX data comes from a subscription s...A lot of my RYDEX data comes from a subscription service called SentimenTrader, which is why I don't post the charts in my articles. Some RYDEX action can also be tracked through StockCharts or similar.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-38092470516297570452012-02-06T20:26:32.238-10:002012-02-06T20:26:32.238-10:00Gotcha, where you mentioned "scene of the cri...Gotcha, where you mentioned "scene of the crime." But you know, after seeing how those bots work, I think they're just going to crunch right over it. :-)<br /><br />... "The Rise of the Machines"Dust Devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-58416282848872439892012-02-06T20:22:33.697-10:002012-02-06T20:22:33.697-10:00Nice.Nice.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-23787899224455363162012-02-06T20:21:38.986-10:002012-02-06T20:21:38.986-10:00That's the old chart, from an ariticle written...That's the old chart, from an ariticle written near the beginning of January. The first post on this thread is the updated version of that same chart, just w/ the current price action. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-39078705760122783092012-02-06T20:18:42.273-10:002012-02-06T20:18:42.273-10:00You might have posted the wrong URL, since it'...You might have posted the wrong URL, since it's not updated with the current price. I just looked at the chart - interesting how your trendline from 2009 is being touched.Dust Devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-68363042257498061752012-02-06T20:18:09.481-10:002012-02-06T20:18:09.481-10:00RUT returned to the scene of the crime as well.
h...RUT returned to the scene of the crime as well.<br /><br />http://stockcharts.com/h-sc/ui?s=$RUT&p=D&yr=3&mn=0&dy=0&id=p63091377092&a=240983818<br />http://stockcharts.com/h-sc/ui?s=$RUT&p=D&yr=0&mn=8&dy=0&id=p19269878714&a=240983818robhttp://pulse.yahoo.com/_LPEQXCH4GWWV4SPT5OKLN3ZWKUnoreply@blogger.com