tag:blogger.com,1999:blog-947237681666122369.post3442574769230092574..comments2024-03-25T08:04:19.119-10:00Comments on Pretzel Logic's Market Charts and Analysis: SPX, RUT, Silver Updates: The Ongoing Power of the Bernanke PutPretzelLogichttp://www.blogger.com/profile/11613859771824863784noreply@blogger.comBlogger275125tag:blogger.com,1999:blog-947237681666122369.post-27846602239327917082012-03-29T17:29:43.538-10:002012-03-29T17:29:43.538-10:00I think we got the further down movement completin...I think we got the further down movement completing a sharp 3 count decline wave and reversed from there. I think the green trendline on the chart has now morphed into a lower channel boundary. If we enter the phase that PL has laid out then those boundaries are important as they will keep you from being chopped upDirtnRockGuy62noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-87559723545690769752012-03-28T04:05:55.043-10:002012-03-28T04:05:55.043-10:00Thanks Katzo...always appreciated.Thanks Katzo...always appreciated.Nostradumassnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-47349660645618769122012-03-28T02:48:28.231-10:002012-03-28T02:48:28.231-10:00We'll find out. : )We'll find out. : )davezarlingnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-32449555347262912292012-03-28T02:34:25.009-10:002012-03-28T02:34:25.009-10:00 VPOC is a price where most volume has traded in a... VPOC is a price where most volume has traded in a given timeframe.....market makers test this area repeatedly to gage buying/selling interest....its a place where price discovery occurs so they move market above and below <br /><br />as market move up/down so does the VPOC....repeat processkloutnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-76648921702204233112012-03-28T00:33:27.441-10:002012-03-28T00:33:27.441-10:00Okay, update's posted -- let's continue di...Okay, update's posted -- let's continue discussion over there. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-88696128052139564932012-03-27T23:19:46.923-10:002012-03-27T23:19:46.923-10:00I still do not think AAPL foretells the direction ...I still do not think AAPL foretells the direction of the mrkt.<br /><br /> http://screencast.com/t/09P4eeUfkatzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-6613092254209863672012-03-27T22:53:59.131-10:002012-03-27T22:53:59.131-10:00Two things, may be related or not.
1. Price nodes,...Two things, may be related or not.<br />1. Price nodes, there was some discussion on the blog about these. These are instrumental and important in price action and many times the close will be around here. That level 1397 pretty much bifurcated the earlier action in this chart.<br />2. There is still a chance we go lower, I put it at 50/50 now. Certain things have to fall into place, and this has to start <i> right now.</i> Again my level of 1412 to 14 (the 14 level is 61.8% retrace, see chart) has to hold now. Bad news soon or at the opening may cement my drop to 1400 level. Critical point now, appearance of no bullishness and a nice bearish piece of news or event.<br /><br />http://www.screencast.com/users/katzo7/folders/Jing/media/ad6f62fb-eb36-4ec1-aaf8-aec8b9771896katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-7801371536161227222012-03-27T22:38:02.353-10:002012-03-27T22:38:02.353-10:00ty UKDNY. I find these charts interesting, though...ty UKDNY. I find these charts interesting, though I must admit my knowledge of the nomenclature being used is somewhat limited. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-88920342119155799432012-03-27T22:29:13.336-10:002012-03-27T22:29:13.336-10:00Good morning PL,
here's one for the bulls.
SPX...Good morning PL,<br />here's one for the bulls.<br />SPX ichi moku, and judging by the standard deviation lines, SPX looks seriously overbought.<br />The second chart shows a previous SPX trend change which as you point out, all takes time.<br />Might be of interest?<br />Kind regardsUKDNYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-60287670337245587762012-03-27T22:28:04.276-10:002012-03-27T22:28:04.276-10:00 yeah, thanks PL yeah, thanks PLkatzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-48203840040621745832012-03-27T22:27:16.149-10:002012-03-27T22:27:16.149-10:00My read too. Looks pretty convincing as a bottom ...My read too. Looks pretty convincing as a bottom right now.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-56623173631620868242012-03-27T22:21:57.511-10:002012-03-27T22:21:57.511-10:00ES up move has to stop at 1412 or we go higherES up move has to stop at 1412 or we go higherkatzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-60722471023461623152012-03-27T22:18:09.639-10:002012-03-27T22:18:09.639-10:00What's Up, Tiger Lily? I haven't seen tha...What's Up, Tiger Lily? I haven't seen that movie in forever... much like jbg said.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-63343832836710794452012-03-27T22:17:17.517-10:002012-03-27T22:17:17.517-10:00Simply that gold and the Euro are both counter-dol...Simply that gold and the Euro are both counter-dollar plays, so they would be correlated through that commonality. If the dollar goes down, Euro and gold tend to go up, and vice versa.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-44486398031126090112012-03-27T22:15:30.531-10:002012-03-27T22:15:30.531-10:00I'll try to answer this in the update.I'll try to answer this in the update.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-52965192539381801612012-03-27T22:12:38.081-10:002012-03-27T22:12:38.081-10:00 they are not done yet, this is gunna take some ti... they are not done yet, this is gunna take some time lots of head fakeskatzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-865903993290122242012-03-27T22:11:09.296-10:002012-03-27T22:11:09.296-10:00 Posted a chart somewhere here, you have to go loo... Posted a chart somewhere here, you have to go look.katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-81837885626821137632012-03-27T21:39:30.445-10:002012-03-27T21:39:30.445-10:00AR....you crack me up...Apparently I got them mixe...AR....you crack me up...Apparently I got them mixed up after all (in a non-trading sense.)Nostradumassnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-43085731481848243182012-03-27T20:28:33.220-10:002012-03-27T20:28:33.220-10:00slv calls.slv calls.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-26722747906225648902012-03-27T20:06:04.280-10:002012-03-27T20:06:04.280-10:00Backwardation is the way I felt when I once accide...Backwardation is the way I felt when I once accidentally venture into a gay bar that I didn't know was a gay bar. Backward is the way I walked as I got the hell outta there. Contango is good... it's my favorite hot dance to do with Maria every once in a while. It's a great precursor to the horizontal rhumba... which I also excel at I might add. Just ask Maria.Albertarockshttp://albertarocks-ta-discussions.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-19052763209208543302012-03-27T19:56:48.218-10:002012-03-27T19:56:48.218-10:00You're a kind soul Pretzel. At least RTG can ...You're a kind soul Pretzel. At least RTG can sleep a bit tonight. Myself, I wrote an article today that I thought I'd never write. Still can't believe I wrote it and I'm certainly going to have to read it again at least 3 or 4 times and over the next 3 trading days. Because for the first time in 15 years I'm starting to believe the deflationary argument, one which I have promoted as vigorously and with as much explanatory logic as anybody else, am on the verge of joining the dark side. Dark side, as in Luciferian, as in the "light bearer", as in <i>Illuminati</i>, as in evil bastard banking orc. Well I certainly wouldn't be joining their side, but damn it all, it they're going to be throwing free money all over the panic, I'm going to start picking some of it up off the sidewalks and live happily ever after. My future is at stake here, lol.Albertarockshttp://albertarocks-ta-discussions.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-90558104220503746992012-03-27T19:43:41.457-10:002012-03-27T19:43:41.457-10:00In Abby's case, I'd be willing to forgive....In Abby's case, I'd be willing to forgive. I like the way she looks at me... all saucy and ... promising, and stuff like that.Albertarockshttp://albertarocks-ta-discussions.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-64743490610248568472012-03-27T19:36:10.079-10:002012-03-27T19:36:10.079-10:00Yes, it's just about enough to make a trader b...Yes, it's just about enough to make a trader barf. Doesn't matter if he's long or short either, everybody gets to barf:<br /><a href="http://stockcharts.com/h-sc/ui?s=SPY&p=15&b=3&g=0&id=p39422050425&a=261929360&r=1332912893722&cmd=print" rel="nofollow">Gaps galore</a>.Albertarockshttp://albertarocks-ta-discussions.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-19428249099025406252012-03-27T19:30:33.719-10:002012-03-27T19:30:33.719-10:00I don't think so Dave. Gasoline hit $10 a gal...I don't think so Dave. Gasoline hit $10 a gallon in Paris last week.Albertarockshttp://albertarocks-ta-discussions.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-81604129619822478002012-03-27T19:18:38.489-10:002012-03-27T19:18:38.489-10:00at what price did you get in TVIX, mind sharing? I...at what price did you get in TVIX, mind sharing? I got in on Monday at 6.3, what target do you plan to exit? What do you think of today's action in TVIX/UVXY? a oversold bounce, or something real coming? UVXY is actually trading under NAV today. A lot of shorts are piling into TVIX/UVXY thinking it is a dead cat bounce. The SHORTS have made quite a lot of money the past few days, is it their turn to have their faces ripped off when TVIX/UVXY blast off?? i wish. At least today's action is comforting....I remember you mentioned before TVIX was in EW5, with today's action, are we finally seeing EW1? Do you have a chart for TVIX and UVXY? Thanks Katzo, your charts have been very helpful.Curiousmind3861noreply@blogger.com