tag:blogger.com,1999:blog-947237681666122369.post2825846689375443023..comments2024-03-18T14:37:21.899-10:00Comments on Pretzel Logic's Market Charts and Analysis: SPX and NDX Update: Retracement Rally Hits Targets; Top May Be InPretzelLogichttp://www.blogger.com/profile/11613859771824863784noreply@blogger.comBlogger228125tag:blogger.com,1999:blog-947237681666122369.post-10184919095840741022011-11-06T19:04:41.202-10:002011-11-06T19:04:41.202-10:00Update posted. Time for dinner!Update posted. Time for dinner!PretzelLogichttps://www.blogger.com/profile/11613859771824863784noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-10690583475999736212011-11-06T15:54:37.145-10:002011-11-06T15:54:37.145-10:00Posted an Apple update which looks at three degree...Posted an Apple update which looks at three degrees of trend.PretzelLogichttps://www.blogger.com/profile/11613859771824863784noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-6675864735893207632011-11-06T02:38:57.831-10:002011-11-06T02:38:57.831-10:00For anyone receiving updates to this conversation ...For anyone receiving updates to this conversation thread, if you haven't come by this weekend, I just posted a new copper chart.PretzelLogichttps://www.blogger.com/profile/11613859771824863784noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-90514536095835540632011-11-05T20:05:58.031-10:002011-11-05T20:05:58.031-10:00Hi Gerry,
Thanks, and welcome!
Your comment went...Hi Gerry,<br /><br />Thanks, and welcome!<br /><br />Your comment went into the spam box for some reason...<br /><br />If you wanted to link to some charts, I'd be happy to take a look at them.<br /><br />As far as time stamps, I'm in Maui -- so it's HST, at least, for me... I guess I always assumed it displayed itself in everyone's local time -- maybe not.<br /><br />For future replies, please use the most recent weekend post thread, it's just easier. Thanks. :)<br /><br />Let me know if you have some charts for me to look at.PretzelLogichttps://www.blogger.com/profile/11613859771824863784noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-67290619609653304492011-11-05T19:02:50.035-10:002011-11-05T19:02:50.035-10:00For reasoned bullish views read this weekend blogs...For reasoned bullish views read this weekend blogs from the stockcharts crew. (on the members page) John Murphy makes a good bullish case. At the least the charts give the cross sector checks you talk about.<br /><br />Questions: <br /><br />Why do the timestamps on the comment entries not match the timeline of the market and concurrent comments?<br /><br />If I wanted to mark up my own chart of SPX or of murphys examples, could I? and have you experts critiqe it? (We may need some bullish counts)<br /><br />This is a thrilling coment thread. And blog. What a discovery.<br /><br />gerry tgerry tnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-49906844032629153322011-11-04T17:28:56.197-10:002011-11-04T17:28:56.197-10:00CTP, et al,
I'd like to get your thoughts on ...CTP, et al,<br /><br />I'd like to get your thoughts on the very ST chart I just posted.PretzelLogichttps://www.blogger.com/profile/11613859771824863784noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-56202846831686980142011-11-04T17:23:08.597-10:002011-11-04T17:23:08.597-10:00LOL, you guys are probably like "What new thr...LOL, you guys are probably like "What new thread?" I posted two replies earlier, but I posted them on the wrong thread... duh. Anyway, I started a new thread with an update to the possible ST count, wanted to get thoughts on it.<br /><br />Spiker and Rocky, it's the "confusing" chart from earlier, which has now been somewhat clarified due to the market today. <br /><br />So... there's a new thread open so we don't have to scroll down 200+ comments to reply; go to the blog's main page to access it. Let's move continued discussion over there.PretzelLogichttps://www.blogger.com/profile/11613859771824863784noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-22009092415395473162011-11-04T17:12:40.536-10:002011-11-04T17:12:40.536-10:00TJ-
Great data, ty for that. Definitely agree ab...TJ-<br /><br />Great data, ty for that. Definitely agree about managing risk and capital. <br /><br />I love how I've got everyone talking markets and poker now... lol. <br /><br />Let's move the discussion over to the new thread. :)PretzelLogichttps://www.blogger.com/profile/11613859771824863784noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-11205304920544800772011-11-04T17:09:17.132-10:002011-11-04T17:09:17.132-10:00By the way, for all those new to trading, I sugges...By the way, for all those new to trading, I suggest trying 'holdem cash tables as a good beginner's course in learning about odds and risk management. <br />- disclaimer: I do not operate 'holdem businesses nor am i paid to be an ambassador-TJNnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-80393540831186929202011-11-04T17:07:32.839-10:002011-11-04T17:07:32.839-10:00CTPtrader, is there any alternate cycle counts tha...CTPtrader, is there any alternate cycle counts that you have like EW principle? I'm not well versed in heurst cycle theory to knowmavrichhttps://www.blogger.com/profile/06374468068467353995noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-30649940737285068172011-11-04T17:06:08.482-10:002011-11-04T17:06:08.482-10:00not meant to be a specific comment for anyone, but...not meant to be a specific comment for anyone, but those worried about their holdings probably meant you probably risked more capital than you are comfortable with. no real point asking what percentage is the likelihood of a particular event because even if the pros here are 99% sure, there is still the 1% risk, and that 99% will give no one any comfort should the 1% strike. the only 100% guaranteed returns is salary from your job. <br />Bet only to the point where you can sleep peacefully at night.TJNnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-11051300526286302832011-11-04T17:03:39.280-10:002011-11-04T17:03:39.280-10:00TJN,
Thanks for that fund flows data, I agree wit...TJN,<br /><br />Thanks for that fund flows data, I agree with mavrich that it doesn't seem bearish. If we get the drop into 11/11 +/- 1 that my cycle work is calling for that might just be the low of wave B with a wave C up yet to come. Food for thought...CTPtraderhttps://www.blogger.com/profile/13532997363033021227noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-88450276863227504082011-11-04T17:01:18.155-10:002011-11-04T17:01:18.155-10:00Mav,
That's easy, new highs after Monday'...Mav,<br /><br />That's easy, new highs after Monday's close would invalidate my expected cycle high.CTPtraderhttps://www.blogger.com/profile/13532997363033021227noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-12918701075998413032011-11-04T16:22:43.338-10:002011-11-04T16:22:43.338-10:00FYI ALL:
Comments referring to other members whic...FYI ALL:<br /><br />Comments referring to other members which utilize off-color language will henceforth be deleted directly.<br /><br />Further, let's try to keep all disagreements to the market, economy, etc. Disagreements of opinion are good -- I encourage that exchange of views and ideas. But let's try to keep personal attacks out of it.<br /><br />Obviously, Rocky didn't accept the bouncer position... where was ya, Rock? Apollo Creed break your computer? ;)PretzelLogichttps://www.blogger.com/profile/11613859771824863784noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-53329352989983386612011-11-04T16:21:00.348-10:002011-11-04T16:21:00.348-10:00that doesnt seem bearish... worried about my short...that doesnt seem bearish... worried about my shortsmavrichhttps://www.blogger.com/profile/06374468068467353995noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-82764604203857101182011-11-04T15:59:35.710-10:002011-11-04T15:59:35.710-10:00From the latest EPFR Global fund-flow report :
Bi...From the latest EPFR Global fund-flow report :<br /><br />Biggest inflows to emerging-market equities ($3.5bn) since April 2011<br />Investors rotated out of Treasurys, investment-grade bonds and money-market funds into riskier areas like high-yield bonds, emerging-market debt and financial funds<br />Solid inflows ($493mn) to gold and precious metals for the second straight week<br />Money market funds saw $25bn outflows, the biggest since August 2011<br />Financials saw a sixth straight week of inflows, the longest streak since January 2011<br />Europe, Middle East and Africa equity funds broke a 25-week losing streak<br />Latin American stock funds broke a 13-week losing streak<br />Emerging-market Asia broke a 12-week losing streakTJNnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-73927885794913476542011-11-04T15:40:00.663-10:002011-11-04T15:40:00.663-10:00Maybe monday is your high CTPtrader? How do you kn...Maybe monday is your high CTPtrader? How do you know if your cycle count is invalidated?mavrichhttps://www.blogger.com/profile/06374468068467353995noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-10612536546718532082011-11-04T14:38:19.244-10:002011-11-04T14:38:19.244-10:00Vote passed... SPY trades until 8:00 PM EST and it...Vote passed... SPY trades until 8:00 PM EST and it ramped up to equivalent of 1259 SPX cash on the news. We'll see if that ensthusiasm carries over to Sunday evening futures.CTPtraderhttps://www.blogger.com/profile/13532997363033021227noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-66327935537113380202011-11-04T12:47:54.223-10:002011-11-04T12:47:54.223-10:00greek vote underway now. Likely to pass though. If...greek vote underway now. Likely to pass though. If it doesn't, 11/3 was DEFINITELY the ST top IMOmavrichhttps://www.blogger.com/profile/06374468068467353995noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-19588809309478033422011-11-04T11:15:37.846-10:002011-11-04T11:15:37.846-10:00Yes DB confirmed yesterday's hanging man on th...Yes DB confirmed yesterday's hanging man on the daily with today down move, also it's daily MACD just today gave it's first sell cross from above the zero line since 5/9/11. In addition the weekly RSI5 crossed from above to below 50 for the first time since the first week of July. Downside follow thru is critical for next week.<br /><br />BTW, I think we all should try to avoid these online flame wars as everybody here has something helpful to contribute and thus we should all try to focus on the positive rather than the negative.CTPtraderhttps://www.blogger.com/profile/13532997363033021227noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-58040833193462026292011-11-04T11:07:24.111-10:002011-11-04T11:07:24.111-10:00Pretzel,
Would you be kind enough to update the s...Pretzel,<br /><br />Would you be kind enough to update the silver chart with your EW intepretations?<br /><br />Thanks.Franknoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-43024803761947480652011-11-04T10:57:00.032-10:002011-11-04T10:57:00.032-10:00I am done for the day. I will answer all further ...I am done for the day. I will answer all further uncalled-for insults, on monday, if I decide to return.<br /><br />For the others, my preferred best bet for next week is silver, heading down, at an even steeper percentage rate, than the spx. <br /><br />However, if the spx does not go down, neither will silver, as for me, the precious metal are now almost riding nearly stride by stride together, with the equity markets.<br /><br />CTP, do you recall I told you about 3 days ago, that I oonsidered the biggest german bank DB, a leading tell? DB fell 5 percent today, it was today's worst large bank performer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-34988653145576650042011-11-04T10:55:18.088-10:002011-11-04T10:55:18.088-10:00Seriously, just stop. Lets get back to getting on ...Seriously, just stop. Lets get back to getting on track on what really matters...making moneymavrichhttps://www.blogger.com/profile/06374468068467353995noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-49725046577940603932011-11-04T10:45:04.505-10:002011-11-04T10:45:04.505-10:00Anon20,
Funny you mention silver because I was ju...Anon20,<br /><br />Funny you mention silver because I was just looking at it today and yes it does look to my eyes like it is ready to drop. I don't have any cycle studies on it but that is just based on my quickly eyeballing it from an e-wave standpoint.CTPtraderhttps://www.blogger.com/profile/13532997363033021227noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-90618432613449344512011-11-04T10:43:30.844-10:002011-11-04T10:43:30.844-10:00Well, this week has certainly been a wild one. Bas...Well, this week has certainly been a wild one. Based on my cycle work coupled with e-wave counts it is pretty much now or never for the bears to step up and take control. Let's see if they are up to the task next week.CTPtraderhttps://www.blogger.com/profile/13532997363033021227noreply@blogger.com