tag:blogger.com,1999:blog-947237681666122369.post361383601223321728..comments2024-03-18T14:37:21.899-10:00Comments on Pretzel Logic's Market Charts and Analysis: SPX Update: A Dangerous Position for Both Sides of the TradePretzelLogichttp://www.blogger.com/profile/11613859771824863784noreply@blogger.comBlogger343125tag:blogger.com,1999:blog-947237681666122369.post-54591923496535701502012-04-18T16:55:59.274-10:002012-04-18T16:55:59.274-10:00I aspire to become like Katzo - able to predict di...I aspire to become like Katzo - able to predict direction well in advance. The guy is just amazing. Pl's in a class all by himself - I really think we are working with some world class people - I am truely humbledDirtnRockGuy62noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-36323894590250816862012-04-18T16:54:07.463-10:002012-04-18T16:54:07.463-10:00What do these double zigzags imply in terms of dir...What do these double zigzags imply in terms of direction and tradeability? I ask because I note there is a larger zig zag developing on the daily chart. Look at the similarities between this wave 2 we have been working this week and the preceding 3 peaks and troughs prior to the wave down we have recently completed. If this is developing like the last did then the expectation would be a strong down followed by an equally strong up prior to the larger more sustained move. correct? Again - many thanks for taking time to explain.DirtnRockGuy62noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-58573896718994611772012-04-18T16:49:48.127-10:002012-04-18T16:49:48.127-10:00I read what you are telling me - it is a little ou...I read what you are telling me - it is a little outside what I can comprehend at the moment in terms of what it means trading wise. I really appreciate you taking the time to explain. Am taking notes and printing out charts.DirtnRockGuy62noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-6261904625537739892012-04-18T12:18:41.854-10:002012-04-18T12:18:41.854-10:00 thanks for the trades.. good stuff thanks for the trades.. good stuffsandyone44noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-70963599706872723652012-04-18T07:15:48.299-10:002012-04-18T07:15:48.299-10:00Dutchisu,thanks for your valuable insight. It seem...Dutchisu,thanks for your valuable insight. It seems NG isn't looking to recover any soon, not in a couple of years? but as a commodity I suppose it can't drop to zero either, it's got to find a bottom somewhere between $2 & 0:-) NJ268noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-3529828505173016402012-04-18T06:25:52.577-10:002012-04-18T06:25:52.577-10:00Thank you, katzo.Thank you, katzo.Authentic1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-63765355538960108932012-04-18T05:49:24.689-10:002012-04-18T05:49:24.689-10:00In theory as the industry starts to build natural ...In theory as the industry starts to build natural gas fired power plants it should drive the price of gas up. This is what happened in the early to mid 2000's. 2000-2004 was a huge boom in gas fired power plants and you can see what affect that had on NG. What is different this time around is there is such a huge new supply of NG.<br /><br />All I can tell you is that the only thing being build in the US right now is natural gas fired power plants. There are absolutely no new coal plants and there are only a few nuclear plants. Most of which won't be online for at least 5-7 years.Dutchisunoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-89313979963733977692012-04-18T05:37:39.212-10:002012-04-18T05:37:39.212-10:00GOLD.....commodity is holding up above 1600, but e...GOLD.....commodity is holding up above 1600, but equities have already tanked by 30%Bob_Enoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-42798616818438924742012-04-18T05:37:22.679-10:002012-04-18T05:37:22.679-10:00GOLD.....commodity is holding up above 1600, but e...GOLD.....commodity is holding up above 1600, but equities have already tanked by 30%Bob_Enoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-67770512416090749682012-04-18T04:01:02.164-10:002012-04-18T04:01:02.164-10:00They represent auto areas for EW4 retracements, bl...They represent auto areas for EW4 retracements, blue equals a 80% chance of the EW5 finishing, green a 60% chance, and red a less that 50% chance. SO a stop at the blue of green, a holding in those areas is beneficial for he wave to complete.katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-73977642376636905992012-04-18T02:56:15.163-10:002012-04-18T02:56:15.163-10:00What do the railroad tracks represent?What do the railroad tracks represent?Authentic1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-35547527181358051872012-04-18T02:20:15.473-10:002012-04-18T02:20:15.473-10:00Finally tore myself away from DX long enough to fi...Finally tore myself away from DX long enough to finish the update. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-22685713843492401152012-04-18T02:18:56.430-10:002012-04-18T02:18:56.430-10:00Thanks for that heads-up! -DDThanks for that heads-up! -DDDust Devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-61539911606244300512012-04-18T01:44:21.907-10:002012-04-18T01:44:21.907-10:00I am 100% accurate in retrospect. :-)I am 100% accurate in retrospect. :-)katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-81584041376555553742012-04-18T01:20:29.802-10:002012-04-18T01:20:29.802-10:00Thanks. Yeah, I came very very very close to maki...Thanks. Yeah, I came very very very close to making the (x) wave the preferred count. In retrospect (obviously), I wish I had.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-32583940881296230152012-04-18T01:18:16.866-10:002012-04-18T01:18:16.866-10:00Good fortune to you.Good fortune to you.Nostradumassnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-62213980886666518502012-04-18T01:07:50.624-10:002012-04-18T01:07:50.624-10:00 nice job in imparting a bit of caution in the pas... nice job in imparting a bit of caution in the past post PL.katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-48239885333253456752012-04-18T01:06:42.622-10:002012-04-18T01:06:42.622-10:00 Again, forget the count, it is wrong. but even a ... Again, forget the count, it is wrong. but even a wrong count can be informative in the fact that now we know what it is not (i.e. the 15 minute on the right will break).<br /><br />http://screencast.com/t/n2nxOMlo1xkatzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-17832655694393639012012-04-18T01:02:21.568-10:002012-04-18T01:02:21.568-10:00Can't finish the update -- I'm trading DX ...Can't finish the update -- I'm trading DX and I'm afraid to take my eyes off the action! Ugh, hope DX resolves soon.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-17339224325305771252012-04-18T00:58:28.974-10:002012-04-18T00:58:28.974-10:00Amazingly, the rally could be counted as complete ...Amazingly, the rally could be counted as complete -- if the (x) wave is correct. Dow formed a near-perfect a=c yesterday.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-44892577444132227382012-04-18T00:57:29.610-10:002012-04-18T00:57:29.610-10:00Thanks! :)Thanks! :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-53167036933385067802012-04-18T00:29:20.859-10:002012-04-18T00:29:20.859-10:00 appears mrkt set up to drop, news related stuff t... appears mrkt set up to drop, news related stuff this morning?katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-62951263619787259652012-04-18T00:26:52.616-10:002012-04-18T00:26:52.616-10:00Thank you for the charts Katzo. Lee Adler posted t...Thank you for the charts Katzo. Lee Adler posted this yesterday via email concerning Tuesday's market rise...<br /><br />"...because that paper has been put to bed and the <br />dealers are looking forward to a $50 billion cash windfall on Thursday <br />thanks to Treasury bill paydowns (which are known in advance). While <br />Rupert Hacker Murdoch's and Hizzoner Mike Bloomberg's mercenaries are <br />scratching their heads looking for reasons why the market is up so much <br />today, there's your reason. Dealer trading accounts will be flush with <br />cash come Thursday, and they got their short squeezes started early in <br />anticipation of that cash settling."Nostradumassnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-59567070659016521012012-04-18T00:10:07.264-10:002012-04-18T00:10:07.264-10:00 Done. Look for a credit to your account.
Thanks... Done. Look for a credit to your account. <br /><br />Thanks for your time PL! Learning everyday.Jumperno64noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-82957480761658900172012-04-18T00:05:44.587-10:002012-04-18T00:05:44.587-10:00When ever the mrkt does what I do not understand I...When ever the mrkt does what I do not understand I go looking for an oscillation mode. This may be set up on the 120. Guess the latest move blows the axiom that there is no such thing as a triple bottom. It broke the regression TL first, then a LT TL. Next trip down?<br /><br />http://screencast.com/t/ZFiePU1Akatzo7noreply@blogger.com