tag:blogger.com,1999:blog-947237681666122369.post3874189976885174069..comments2024-03-25T08:04:19.119-10:00Comments on Pretzel Logic's Market Charts and Analysis: SPX, INDU, NYA Updates -- Plus the Purpose of Each Wave and Why the Market Isn't RandomPretzelLogichttp://www.blogger.com/profile/11613859771824863784noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-947237681666122369.post-87955415985982175892014-08-22T22:48:35.973-10:002014-08-22T22:48:35.973-10:00Thanks. And yes, I recall your comment -- gotta a...Thanks. And yes, I recall your comment -- gotta admit, though, my "short term bearish bias" at that time was dead-on. You may recall I agreed we'd head to new highs over the IT. :)<br /><br />As to some sort of truncated move to close out the bull -- entirely possible, and something I've been keeping a close eye on. I have another LT count that's not shown on the chart above, and I'll bring it out in more detail if/when it becomes appropriate. Suffice to say I track a lot more than two counts at any given moment, but if I published my whole chart book in each update, it would just confuse everyone. :)Pretzel Logichttp://www.PretzelCharts.com/noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-3101730538565383522014-08-22T22:41:45.981-10:002014-08-22T22:41:45.981-10:00Thanks, Jed. :)Thanks, Jed. :)Pretzel Logichttp://www.PretzelCharts.com/noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-86298207674123250632014-08-22T22:41:33.613-10:002014-08-22T22:41:33.613-10:00Thanks, Jack -- really appreciate that. :)Thanks, Jack -- really appreciate that. :)Pretzel Logichttp://www.PretzelCharts.com/noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-3482905040216470262014-08-22T22:41:04.656-10:002014-08-22T22:41:04.656-10:00Hi Tom, thanks for the comments. :)
As to "...Hi Tom, thanks for the comments. :)<br /><br />As to "what" -- well, for one, the wave count fits. Point two is a little harder to quantify... call it instinct or gut. But don't get me wrong, I doubt we're completely there yet. As of the way the charts look at this moment, I think there's probably still some more upside first.Pretzel Logichttp://www.PretzelCharts.com/noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-59246673317657344222014-08-22T15:42:31.074-10:002014-08-22T15:42:31.074-10:00The Supercycle chart looks great !
I would only ad...The Supercycle chart looks great !<br />I would only add that we may not get a wave iv and v - imo, there is high probability that we get a 'stunted' wave and end this bull run at about SPX 2,063 !!<br />Would welcome your thoughts in this regard.<br />ps: I was right couple weeks ago when I posted we were going to resolve the drop bullishly :))BenzRabbitnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-19472810038793690632014-08-22T09:42:30.683-10:002014-08-22T09:42:30.683-10:00Excellent post thnx.Excellent post thnx.Jed Bullnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-55003733718308632772014-08-22T06:03:00.125-10:002014-08-22T06:03:00.125-10:00Superb post Pretzel. Even more so that usual.Superb post Pretzel. Even more so that usual.springheel_jackhttp://channelsandpatterns.com/noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-5154363119240283452014-08-22T04:47:48.059-10:002014-08-22T04:47:48.059-10:00Great post, Jason - from particle physics-style ra...Great post, Jason - from particle physics-style randomness and order to a super-high-def LT chart it'll take me a few hours to properly get my head around.<br /><br />The complacency you mention as fourth and fifth waves unravel is hard to quantify, though. We've had varying degrees of complacency and euphoria over the last two years - some of the sentiment figures since Jan 2013 have been off the scale but the mania keeps feeding on itself. At what point, after months of historic extremes, do you judge the participants now can't get any more bullish? I've been underestimating the greed/stupidity/lack of fear for nearly three years, so what is it about this particular bout of complacency that suggests a top? <br /><br />Have a great weekend - always appreciate your updates and your photography and banter on Twitter.tommillardnoreply@blogger.com