tag:blogger.com,1999:blog-947237681666122369.post2323879457440798907..comments2024-03-18T14:37:21.899-10:00Comments on Pretzel Logic's Market Charts and Analysis: SPX, RUT, CVX, WLSH Updates: Last Update Was the Bear View; Now Let's Poke Holes in ItPretzelLogichttp://www.blogger.com/profile/11613859771824863784noreply@blogger.comBlogger204125tag:blogger.com,1999:blog-947237681666122369.post-1927436467332085272012-04-10T03:56:53.310-10:002012-04-10T03:56:53.310-10:00Sorry for the delay in answering this HappyJohn......Sorry for the delay in answering this HappyJohn.....replies are not getting through to my email. But in answer to your question...No, Nenner has not given any downside targets on major indices.Bob_Enoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-27833487435341740002012-04-10T03:39:17.653-10:002012-04-10T03:39:17.653-10:00Thanks for the info Dave.....one of Nenner's i...Thanks for the info Dave.....one of Nenner's ideas is for Bonds to move to new highs into the election time frame. Technically, the charts appear to support his prognosis. Everyone saying bonds are a bad investment. I think they're right, but it looks like a good trade.Bob_Enoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-12702740336411824902012-04-10T01:51:03.488-10:002012-04-10T01:51:03.488-10:00 3.93 in my neck of the woods this a.m. 3.93 in my neck of the woods this a.m.Nostradumassnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-55784502412712823522012-04-10T01:50:45.390-10:002012-04-10T01:50:45.390-10:00ADVFN?ADVFN?GPittnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-81711623208587436252012-04-10T01:45:58.748-10:002012-04-10T01:45:58.748-10:00Thanks....Now I just have to do it in a way that d...Thanks....Now I just have to do it in a way that doesn't give half of it to the broker...i.e. sticking exactly to the plan....9 trade with +11 pts -5.5 pts in commissions with the amount of trades. I'm in the wrong business..lolNostradumassnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-28141240825764721252012-04-10T01:35:18.287-10:002012-04-10T01:35:18.287-10:00Have you tried the free quote service on my site? ...Have you tried the free quote service on my site? No clue how far they go back, but prolly worth checking.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-32809786693010471182012-04-10T01:34:16.685-10:002012-04-10T01:34:16.685-10:00Update's posted, let's continue discussion...Update's posted, let's continue discussion over there. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-41507162762343004322012-04-10T01:26:28.722-10:002012-04-10T01:26:28.722-10:00Off to work - all y'all have a great day. Off to work - all y'all have a great day. DirtnRockGuy62noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-43565531911706301072012-04-10T01:13:16.052-10:002012-04-10T01:13:16.052-10:00 ES/240 ~ ES may move down -- prolly fairly quickl... ES/240 ~ ES may move down -- prolly fairly quickly -- to finish up this Ewave 5. Bear flag is gettin' a bit extended for my taste tho, makes it a bit harder to predict. On this ST rise, 1385 is a must hold, above that breaks the EW5 and the run to 1368 to 71 is off. IT direction is still down but we are due for a rise, prolly to about 1394 (20 MA on the 480) to 1398 (50 M on the 480). AAPL broke above my predicted high of 636, still looking for an indicator candle on the DAY before any short position can be established. Or a break of a TL. TVIX still on the rise, NAV is not a factor in a confirmed (down) move.<br /><br />http://screencast.com/t/vLRA55R1<br /><br />AAPL ~ same rules, they do not change and if you are rules based you will win; if not you are shooting in the dark.<br /><br />http://screencast.com/t/nAUswe2aIkatzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-57942727871354507972012-04-10T01:03:20.694-10:002012-04-10T01:03:20.694-10:00If it is then it may be a bottom diamond or a tilt...If it is then it may be a bottom diamond or a tilted continuation rectangle. Have to wait and see, am watching this market for signs of a bottom that should lead to a rally back to the failure point. That would be the upwardly sloping trendline, so depending on the timeframe to get back to that point it is possible to have higher highs. DirtnRockGuy62noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-35909842910813314822012-04-10T00:39:52.684-10:002012-04-10T00:39:52.684-10:00PL and team, I need some help. I am looking for fr...PL and team, I need some help. I am looking for free historical futures quotes (ES, NQ100 and R2K) covering the past few years for backtesting purposes. Some sites make available their daily bar database, but I am looking for more granularity - 120 min bars ideal, but the more granular (e.g. down to 1 min), the better. Would anyone know if/where I could find it? Alternatively, if some of you maintain a personal quote database, would you mind sharing? I collected quotes from some paid services, but all are expensive. Any help is welcome. Many thanks in advance!GPittnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-36654451263964602582012-04-09T23:43:51.402-10:002012-04-09T23:43:51.402-10:00Hi NJ268, I've heard of the MO, seems very use...Hi NJ268, I've heard of the MO, seems very useful in experienced hands. I've got used to the Stoch Mom Indic because when it exceeds 80 I'm ready to trade, sometimes it gets to 90+ when it's 'fill your boots' time! I found trading in the middle wipes one out so only ever trade in meaningful quantities at extremes. That way I sleep at night. EWT identifies those extremes very well and when they coincide... pile in. Yep agree could well be a good surge but a new top?... mmm... not so sure. Thing is, SPX would take at least 4 weeks to reach 1440 and I don't think there is that much time left. Could be wrong of course but low probability. NDX climbed faster at 0.4%/day so it would need about a week to a new top, but COMP looks as if it has topped with a truncated 5th (have a look) so not looking good for new tops. IMHO. Here's NDX ichi moku chart, looks bad for bulls.UKDNYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-8979822654130505992012-04-09T23:26:11.619-10:002012-04-09T23:26:11.619-10:00Don't worry about it SG1. EWT is a chameleon a...Don't worry about it SG1. EWT is a chameleon and frequently morphs into other structures, very often it isn't until the last line of the last wave is in that you can feel fairly sure about things. That's why PL keeps emphasising- wait for the confirmation. eg a 5th wave might look 'in', then throw in another subwave, then another. Metals are particularly prone to this behaviour. Keep at it, stay on site with PL, you'll crack it no problem. ;) Kind regards UKDNYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-35478493517887289542012-04-09T23:16:58.486-10:002012-04-09T23:16:58.486-10:00Dollar's formed a pretty nice looking a-b-c of...Dollar's formed a pretty nice looking a-b-c off the highs -- I think if dollar bulls can reclaim the down-trend line, then it's headed for new highs.<br /><br />And I'm still favoring the more bearish count on equities.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-81418303125246092282012-04-09T23:11:50.646-10:002012-04-09T23:11:50.646-10:00Good morning PL, I was pleased to see the EuroDoll...Good morning PL, I was pleased to see the EuroDollar comment as I was looking at it myself last night oddly enough. There is (I think) a nice wedge forming which converges at 90 days. 60 days is 10th of May so maybe that will be the drop zone? And if so, does that have any meaning for the markets? On the other hand the NDX chart, although on too short a time scale, is 100% bearish. It is a hint, no more, of an approaching trend change. What d'you think? Kind regards UKDNYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-52195626995850369342012-04-09T22:37:48.663-10:002012-04-09T22:37:48.663-10:00And looks like futures gave up the ground they had...And looks like futures gave up the ground they had earlier. I halved my puts this morning - perhaps a little soon. I'm skittish about this right now... plenty of support below: long term trend line, 50day ema... I can't help but think bears are about to get sucked into a trap...Max Mallanhttp://twitter.com/MadMaxMallannoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-87812978767665795222012-04-09T21:33:15.730-10:002012-04-09T21:33:15.730-10:00EUR/USD just entered the free-fall zone, if they c...EUR/USD just entered the free-fall zone, if they can't reverse it immediately...Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-70876618931590783582012-04-09T20:20:59.216-10:002012-04-09T20:20:59.216-10:00lmaolmaoPretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-28877984565622238672012-04-09T20:13:37.973-10:002012-04-09T20:13:37.973-10:00Congratulations on your profits!Congratulations on your profits!davezarlingnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-90802536036635964052012-04-09T20:01:23.598-10:002012-04-09T20:01:23.598-10:00You'd think a professional writer would know h...You'd think a professional writer would know how to... you know... write... I was mystified for most of the time at wtf he was trying to get at.Max Mallanhttp://twitter.com/MadMaxMallannoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-16008875997643282262012-04-09T19:54:32.258-10:002012-04-09T19:54:32.258-10:00There's a heavy dose of "art" in it....There's a heavy dose of "art" in it. When you first start trying to understand it, though, it's a lot of "huh?" It's definitely not "paint by numbers" TA. <br /><br />And no TA has 100% clarity 100% of the time -- or even 70% of the time. Pretty sure there's not a single technical analyst who really "knows" what's going to happen next. There are guesses, there are probabilities, but there's no crystal clarity for anything at times like this.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-42555371988968327462012-04-09T19:38:02.025-10:002012-04-09T19:38:02.025-10:00If anyone want's my opinion, when charts are g...If anyone want's my opinion, when charts are generally behaving the Elliott Wave pattern is arguably the single most useful chart pattern ever observed in all the history of chart patterns. When they're not behaving, it probably doesn't actually help anyone that the Elliott Wave principle comes with enough exceptions to rules and fuzzy guidelines that a determined person could probably monkey wrench a child's drawing of a cat on any refrigerator door in America into a valid wave count. There I said it.CalDnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-66206464066069247252012-04-09T19:33:16.807-10:002012-04-09T19:33:16.807-10:00Don't know why this didn't show up here th...Don't know why this didn't show up here the first time I posted it, but congratulations on a profitable day!davezarlingnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-22350336505365589972012-04-09T19:30:02.532-10:002012-04-09T19:30:02.532-10:00McClellan is calling for this move.
http://www.mc...McClellan is calling for this move.<br /><br />http://www.mcoscillator.com/learning_center/weekly_chart/deserved_or_not_t-bonds_are_set_up_for_a_rally/ davezarlingnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-4523850912934998792012-04-09T19:26:59.889-10:002012-04-09T19:26:59.889-10:00Agreed. 3.87/gal gas.Agreed. 3.87/gal gas.davezarlingnoreply@blogger.com