tag:blogger.com,1999:blog-947237681666122369.post3064908561186431131..comments2024-03-18T14:37:21.899-10:00Comments on Pretzel Logic's Market Charts and Analysis: SPX and RUT Updates: Red Alert Indicators in Conflict with Short-Term Wave CountsPretzelLogichttp://www.blogger.com/profile/11613859771824863784noreply@blogger.comBlogger367125tag:blogger.com,1999:blog-947237681666122369.post-66691918224516672112012-02-12T21:50:28.677-10:002012-02-12T21:50:28.677-10:00btw- I went back to the leading diagonal first wav...btw- I went back to the leading diagonal first wave on the Dow chart -- but that in itself suggests that the larger wave can't be over, since when 1 is a leading diagonal, then 5 should be a simple 5 wave impulse, not another diagonal. So I think labeled the ending diagonal as the end of 3 is probably correct.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-4667951020291724862012-02-12T20:27:18.367-10:002012-02-12T20:27:18.367-10:00Yeah, I wonder the same too -- if the sudden popul...Yeah, I wonder the same too -- if the sudden popularity of the site triggered an algo. But you would think a human looking at it should have straightened them out. Dunno, I've heard a lot of crap about them in general.<br /><br />Anyway, I very much appreciate all contributions. Thanks. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-9265439497942302002012-02-12T18:04:56.933-10:002012-02-12T18:04:56.933-10:00I think it is so odd that AdSense/Google shut down...I think it is so odd that AdSense/Google shut down your account. I know they mentioned abuse, but you would think it could be contestable. I wonder if your site became "too profitable" to quickly or if there was sabotage? The fact that there doesn't seem to be a comparable alternative to AdSense indicates that something with AdSense is a bit sketchy. <br /><br />I know it's not much, but I'm hoping that I can make regular monthly donations because your work is tremendous. I know that these might only total in a year what someone might give once, but please know that they are votes of appreciation nonetheless.davezarlingnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-73551247586205213402012-02-12T16:06:20.902-10:002012-02-12T16:06:20.902-10:00Congratulations. You've become very, very goo...Congratulations. You've become very, very good in a relatively short span of time.<br /><br />In EW, I am a novice. I hope (and expect) that participating in this blog and learning from all of the contributors, will help me increase my understanding of all of the trading tools available.Authentic1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-925179634346697972012-02-12T15:25:07.277-10:002012-02-12T15:25:07.277-10:00It does look better. I had it labeled that way, b...It does look better. I had it labeled that way, but I can't get past the impulsive nature of 1 and 3, and the fact that the move channels nicely as opposed to contracting/expanding.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-36623178462716404142012-02-12T15:16:35.348-10:002012-02-12T15:16:35.348-10:00Enjoying the conversation -- the problem I see wit...Enjoying the conversation -- the problem I see with the count you show above is that 1 and 3 should subdivide into 3's, since with 1 and 4 crossing paths, it must be some type of diagonal -- but they look like clear 5's. The final diagonal works fine, but the first 1-2-3-4 don't seem to work, IMO, because of the impulsive structure.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-26750617735805843732012-02-12T15:11:54.509-10:002012-02-12T15:11:54.509-10:00since 2007 with EWaves, was a buy and hold person ...since 2007 with EWaves, was a buy and hold person before. took about a couple of years to put it all together.katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-81908282100500265642012-02-12T12:54:19.233-10:002012-02-12T12:54:19.233-10:00See post on the updated thread.
I don't know m...See post on the updated thread.<br />I don't know much myself which is why I was asking, but, basically as the theory goes, due to the devaluation of the dollar, the rally that happened between 2009 and 2011 would have actually been more of a consolidation/decline if you priced the Dow in terms of gold instead of dollars.Juannoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-4555787989710260242012-02-12T12:32:05.105-10:002012-02-12T12:32:05.105-10:00Good morning Katzo7,
thanks for the link to this v...Good morning Katzo7,<br />thanks for the link to this video. <br />His conclusion, that the market will go up or down or sideways or all three for the next 4 months covers just about everything.<br />No way he can be wrong, but on the other hand I might agree with him if we get a wv1 down with corrective A B C zigzag.<br />That could take about 4 months or so. <br />Hey- he might be onto something here.<br />Kind regards,<br />UKDNY<br /> UKDNYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-7281956784218664192012-02-12T12:10:07.208-10:002012-02-12T12:10:07.208-10:00Hi Juan,
sorry but I know nothing about this, but ...Hi Juan,<br />sorry but I know nothing about this, but would you care to expand and explain for my education and those like me?<br />Kind regards,<br />UKDNY UKDNYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-59796844472081771852012-02-12T12:04:52.567-10:002012-02-12T12:04:52.567-10:00Good morning PL,
my goodness you are putting in th...Good morning PL,<br />my goodness you are putting in the hours- I take my hat off to you.<br />But the results of your commitment show in the high quality of this site, to your great credit.<br />Now you mentioned the current wave (your ALT: 4-5) so I've attached my take on it. <br />What do you think? Does it work?<br />Regarding the circled area: From blue 1 to blue a you find 5 waves. <br />This commits you to a motive (impulse) wave which goes with the trend, <br />or the first wave of a zigzag which is corrective. That's it.<br />(A diagonal is ruled out as wv 4 doesn't overlap wv1 and flats start with 3 wvs.)<br />The trend is definitely up so that rules out a motive wave, it's in the wrong direction.<br />And if this is wvA of a ZZ then it has to have 3wvs up next (and C cannot rise higher than blue 1)<br />followed by 5wvs down. Nope, not a ZZ.<br />I think your previous chart works best, it 'has the right look' in this area, stick with it.<br />(I have seen a number of B waves and double ZZs in the past which look impulsive, this is one of them.)<br />So, back to the drawing board?<br />Kind regards,<br />UKDNYUKDNYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-58548275189079496312012-02-12T07:48:52.637-10:002012-02-12T07:48:52.637-10:00 In many ways ....
AAPL is a reflection of the cu... In many ways ....<br /><br />AAPL is a reflection of the current market. There are many haters/doubters/skeptics that this is indeed a bull market, sundry technical analysis confirming the trend notwithstanding. While it is healthy to be skeptical, one must not ignore a very simple fact - we are up to our eyeballs, many argue that it is already way over our heads, with liquidity. Moreover, CB's all over the world are promising to pump more printed money into the world economy. QE is now fashionable, and, hands on the buttons, they are trying hard to outdo each other.<br /><br />I don't know about you guys and gals, but I am deeply respectful of those ladies and gentlemen. And take their words that they meant business. :)<br /><br />On APPL:<br /><br />To me, and many others, it is a buy on dip stock. The reason is quite simple. It just enter its growth phrase and will soon be bringing in cash like mad - 10 billion a month!. For a proper perspective: that is almost the annual GDP of Iceland - in just one month. :)<br /><br />When CSCO went public, its shares were going for $0.07+/share. At its peak, it was selling for $70+. That was a one thousand fold increase. At its low, AAPL was selling for $7. It is fully capable of repeating CSCO's story, before heading into the sunset. To avoid flaunting the APPL bears, I'll be modest and keep that ginormous peak APPL number a secret. :)<br /><br />Latest bad news for the APPL bears:<br /><br />The corporate world is now dumping their BlackBerries like hot potatoes. And is snapping up iPhone/iPads like delicious hotcakes - for their employees. The US Air Force just ordered a plane load of iPads for their pilots and ground crews - to be used in cockpits as well as maintenance shops. NOAA, NASA and other governmental and quasi-governmental agencies are test driving APPL's gears.<br /><br />To short or not to short. That certainly is the nail biting Shakespearean question. :)akwfungnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-91057065977015651992012-02-12T07:44:03.482-10:002012-02-12T07:44:03.482-10:00Dough!
Can you reply on the new thread?
Thanks.Dough!<br /><br />Can you reply on the new thread?<br />Thanks.Juannoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-51496068804010480222012-02-12T07:42:37.020-10:002012-02-12T07:42:37.020-10:00Hi all. Haven't posted in a while as most of ...Hi all. Haven't posted in a while as most of the posts are way out of my league.<br />Does anyone have thoughts on the idea that, based on the Dow/gold ratio, we may have already seen the decline we're waiting for if you consider the market priced in gold (that cannot be manipulated monetarily)?<br /><br />Based on the chart, the 50 DMA crossed the 200 DMA, and it is headed toward resistance. If it breaks, could this be the start of something new? Just wondering. Juannoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-17048464829787899682012-02-12T07:41:56.330-10:002012-02-12T07:41:56.330-10:00Alright, update's posted, so let's continu...Alright, update's posted, so let's continue discussion over there. I'm going to try and get some rest. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-37945314372879314762012-02-12T07:25:44.993-10:002012-02-12T07:25:44.993-10:00thanks Pretz.thanks Pretz.Jacknoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-59777441185352170632012-02-12T06:39:33.902-10:002012-02-12T06:39:33.902-10:00Yeah, I actually fixed that part last night when I...Yeah, I actually fixed that part last night when I was working on it later. Here's the updated chart. Still looks to me like one more wave up to reconcile -- but it's far from a given. Top could be in, but I'm leaning toward a little more upside first. <br /><br />This would confuse the hell out of the market too, which always adds appeal.<br /><br />I really don't like that diagonal at the end of 3 though, such a screwy looking form...Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-25035494540436245962012-02-12T06:22:38.283-10:002012-02-12T06:22:38.283-10:00I second your second, a great wealth of info feeds...I second your second, a great wealth of info feeds.Dust Devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-54780648400999381102012-02-12T06:21:30.417-10:002012-02-12T06:21:30.417-10:00Your assumption is correct, Mr. Logic.Your assumption is correct, Mr. Logic.Dust Devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-43693167680458078872012-02-12T06:15:36.790-10:002012-02-12T06:15:36.790-10:00anyways, all my sent indicators show a big big mov...anyways, all my sent indicators show a big big move comin. and could be next week. planets aligning also it seemsbillabusternoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-662320052615231232012-02-12T04:52:23.162-10:002012-02-12T04:52:23.162-10:00Good morning PL,
regarding this most complex chart...Good morning PL,<br />regarding this most complex chart... must have given you a doozy of a headache.<br />As you know on an 'up' trend the 2s and 4s are the most important, 1s and 3s on the way down of course, <br />so that's where I looked first. <br />There is an issue with your blue wave 3 sub-waves in that the red ii cannot 'see' the red iv, there is a bump in the way (green arrow).<br />And one cannot move the red iv down to the bump because then wv3 becomes the shortest darn it.<br />It is such a shame because this move looks wonderful on your SPX chart and counts beautifully. But not on the INDU.<br />The only way it works is as the prior chart I posted therefore it looks like you may have to move 'iii' up or '3' down.<br />So, back to the drawing board?<br />Until this is sorted there is not a great deal of work to be done on the rest of the chart (the earlier complex bit) <br />as it may all change.<br />Kind regards,<br />UKDNY<br />PS having some trouble with posting the image, try again.<br /> UKDNYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-53747728050592009762012-02-12T04:41:23.567-10:002012-02-12T04:41:23.567-10:00I agreed. Thanks.I agreed. Thanks.Ray_1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-59274017501965027462012-02-12T04:32:56.370-10:002012-02-12T04:32:56.370-10:00lol -- I just ran the number and the blog earned m...lol -- I just ran the number and the blog earned more with AdSense over *one month* than it has earned with all other advertisers combined over 4 months. Sad. Sucks being wholly dependent on donations to make it worthwhile. :(Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-86424904038233428352012-02-12T04:30:02.378-10:002012-02-12T04:30:02.378-10:00Still would look better with another wave up. Tru...Still would look better with another wave up. Truncated fifth still *has* a fifth wave. Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-78405377430445630642012-02-12T04:22:02.846-10:002012-02-12T04:22:02.846-10:00Yeah, alternation is a guideline though, not a rul...Yeah, alternation is a guideline though, not a rule. I've actually changed the ending labeling up a bit for the latest chart... that was still a work in progress. Still is, really. Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.com