tag:blogger.com,1999:blog-947237681666122369.post3678761501670066439..comments2024-03-18T14:37:21.899-10:00Comments on Pretzel Logic's Market Charts and Analysis: SPX and BKX Update: The Moment of TruthPretzelLogichttp://www.blogger.com/profile/11613859771824863784noreply@blogger.comBlogger276125tag:blogger.com,1999:blog-947237681666122369.post-29553594410012773432012-01-11T06:55:21.775-10:002012-01-11T06:55:21.775-10:00some say invisable handsome say invisable handchic7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-14835625020758318152012-01-11T03:48:21.715-10:002012-01-11T03:48:21.715-10:00Thanks katzo7! This was a very detailed and enligh...Thanks katzo7! This was a very detailed and enlightening reply!pdragounnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-41082324239731108982012-01-11T03:37:10.995-10:002012-01-11T03:37:10.995-10:00Respectfully very hard to answer a question like t...Respectfully very hard to answer a question like this pdragoun. We have no idea what type of trader you are, day, swing, position. My thoughts for an ideal day I'd like to see today is down good at opening, then a gap fill around 10 am, then sell off ROD. But do not use this as trading advice, I am a ST trader in this one ES acct I use, LT in my IRA.katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-50623388497218700972012-01-11T03:35:24.976-10:002012-01-11T03:35:24.976-10:00Okay, update's posted, let's continue disc...Okay, update's posted, let's continue discussion on that thread. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-50056459721419456472012-01-11T03:29:50.244-10:002012-01-11T03:29:50.244-10:00About blogging...I thoroughly agree. I only wish I...About blogging...I thoroughly agree. I only wish I could actually contribute something as useful as you, BL, and so many others. My experiences are primarily as a ER RN, a machinist, and a business owner. As an ER RN...this market is in critical care with too many drips hanging...total life support at this point, possible candidate for organ donation. As a machinist...too many parts in the machine to work efficiently, too much loss/slippage, with an increased potential for breakage at any point due to its complexity. As a business owner...I would sell the business (and will) ASAP. It is not based on genuinely sound fundamentals at this point. Only cooked books.jbg1911noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-91033670165813436142012-01-11T03:28:49.074-10:002012-01-11T03:28:49.074-10:00 Shhhhhhhh..... Shhhhhhhh.....katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-1548243814425545082012-01-11T03:24:33.515-10:002012-01-11T03:24:33.515-10:00With my count, it seems that ES is in wave 3 0f wa...With my count, it seems that ES is in wave 3 0f wave c at this moment. Unfortunately, we didn't have wave 1 the way we wound like. But we still have about an hr to the opening so we may still have a gap down but it's not just that big that we expected but it's still ok if SPY can hold below 128.55 at the open. The gap may not be closed and the market may still goes down from there.dle7319noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-68223420932131508712012-01-11T03:18:55.212-10:002012-01-11T03:18:55.212-10:00Other participants please feel free to express you...Other participants please feel free to express your expectations as well :-)pdragounnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-87733085024754287192012-01-11T03:18:31.841-10:002012-01-11T03:18:31.841-10:00Welcome back Rocky, missed hearing from you.Welcome back Rocky, missed hearing from you.SpikerJnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-5719887077831692552012-01-11T03:18:24.945-10:002012-01-11T03:18:24.945-10:00You are a very good moral philosofher while I'...You are a very good moral philosofher while I'm just a quantitative analysy. Plese let's have a look on how I make profit form shares, not form philosophyPaolo Giacobbe Piolnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-40288840102328073522012-01-11T03:14:16.711-10:002012-01-11T03:14:16.711-10:00Hi PL and thanks again for your valuable comments....Hi PL and thanks again for your valuable comments. I am thinking of adding to my short positions before the bell. What are your initial expectations about today's action?pdragounnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-63008977130596601822012-01-11T03:11:49.161-10:002012-01-11T03:11:49.161-10:00Agreed, Katz you are a much appreciated contributo...Agreed, Katz you are a much appreciated contributor. <br /><br />On a related note, the site has been kind of quiet without CAPS LOCK around.SpikerJnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-76213447967952245182012-01-11T03:10:45.340-10:002012-01-11T03:10:45.340-10:00ES/DAY
http://www.screencast.com/users/katzo7/fol...ES/DAY<br /><br />http://www.screencast.com/users/katzo7/folders/Jing/media/9e8b70ae-4526-4525-bdf4-ab1a2414092bkatzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-29154192354172232482012-01-11T03:05:14.423-10:002012-01-11T03:05:14.423-10:00PL aint NOTHING :)PL aint NOTHING :)SpikerJnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-77125106444014087522012-01-11T02:59:00.657-10:002012-01-11T02:59:00.657-10:00lmaolmaoPretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-29695265397018577842012-01-11T02:53:05.681-10:002012-01-11T02:53:05.681-10:00PL - those "euro Euros" are the "ne...PL - those "euro Euros" are the "new" euros that they are using in the PIIGS countries - you need to make sure you get the DeMuro Euro - that's the stuff they are secretly using in Germany - and that stuff is supposedly worth 2.2mm to 1 against the euro euro. The euro euro is like the old italian lira - you will be paying 4mm euros for a cup of coffee. I also looked into the Belgian guy who wants to send you the money - it is actually Mario Draghi - they are doing QE on a local level - makes it more interestingpo7usnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-17994010811669948652012-01-11T02:52:42.580-10:002012-01-11T02:52:42.580-10:00Yeah. I'd like to see the ES84-5 area hold tig...Yeah. I'd like to see the ES84-5 area hold tight...katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-47151559884944791342012-01-11T02:48:41.759-10:002012-01-11T02:48:41.759-10:00That drop to 1279 looked impulsive to meThat drop to 1279 looked impulsive to meStrongandUsefulnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-28424491584452003142012-01-11T02:47:58.695-10:002012-01-11T02:47:58.695-10:00Fully agree jbg.Fully agree jbg.katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-88403855698939614942012-01-11T02:45:53.438-10:002012-01-11T02:45:53.438-10:00Old chart, not updated.
http://www.screencast.co...Old chart, not updated. <br /><br />http://www.screencast.com/users/katzo7/folders/Jing/media/c5e2c207-4c3e-42f4-b2f9-13b3adf37cc2<br /><br />What we see this morning in Globex is what I thought was gonna happen, but I thought in a more continuous fall breaking 1280 ES, a straight line thing. I was concerned with that trip to 1287.5 but now this last PITA pop to 1287.5 seems just to be a back test of that resistance level, nothing to get too concerned about. At this point. I did not understand it when it happened, now seems to be a non-issue. Difficult trying to determine if this is THE transition, an EW5 move into a EW1, two impulse or motive waves together, or is it an ABC setting mrkt up for last run to the 5 up at 1319. Only time will tell but I keep on going back to that first chart posted above. This mrkt is way overextended and the AAII numbers PL posted are noteworthy. It is virtually impossible to tell if this is the start of the 'big one' or if this is just a correction, still on its way to the EW5. <br /><br />About blogging. PL or I or others cannot cover every issue in the mrkt, it is too complex, even different time frames. Blogging is a very effective tool for this and camaraderie can provide a beneficial platform from which to research and understand the mrkt. We all learn from each other, have differeent skills, different ways of anaylzing the mrkt. As I said before, wouldn't that be kick ass to have a group that was so in sync with the mrkt, where all made bling together. This should be looked at as a valued and objective platform to present research, opinions, and ideas under PLs support and guidance...<br /><br />http://www.screencast.com/users/katzo7/folders/Jing/media/cf4def19-eade-4456-8fae-792f9837ed79katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-14841196044349400502012-01-11T02:39:46.600-10:002012-01-11T02:39:46.600-10:00The news will make you crazy. Reactions just demon...The news will make you crazy. Reactions just demonstrate the bipolar nature of the market. Couple that with HFT/Algo/Spin behavior and it goes exponential. Frustrating as hell for my temperament. I just find EW makes a lot more sense.jbg1911noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-63965692071103317702012-01-11T02:20:37.362-10:002012-01-11T02:20:37.362-10:00Thanks!
We've got a great community here --...Thanks! <br /><br />We've got a great community here -- I'm glad you've chosen to become part of it, you have some fantastic contributions. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-60155306414162821712012-01-11T02:17:20.592-10:002012-01-11T02:17:20.592-10:00If I've got the timing right...it started when...If I've got the timing right...it started when an announcement came out about Germany's economy shrinking in the last quarter of 2011.<br />http://www.marketwatch.com/story/german-gdp-likely-shrank-in-4th-quarter-report-2012-01-11Whip_sawednoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-76610941214527370292012-01-11T02:17:06.778-10:002012-01-11T02:17:06.778-10:00Yep! The drop in EUR and stocks has been attribute...Yep! The drop in EUR and stocks has been attributed by most news sites to comments by Fitch that the euro faces a cataclysmic collapse unless the ECB steps up.pdragounnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-11235967818650127072012-01-11T02:16:42.096-10:002012-01-11T02:16:42.096-10:00Man oh man...Maui...I would never get anything don...Man oh man...Maui...I would never get anything done...Spent about a month on San Souci Beach...I miss LuLu's Surf Club at the edge of Waikiki. I was even going to get an RN job at QMC. Thanks again for the incredible amount of work you put into your work, and the fact that you share it with everyone (especially us newbs).jbg1911noreply@blogger.com