tag:blogger.com,1999:blog-947237681666122369.post4101747125752989371..comments2024-03-18T14:37:21.899-10:00Comments on Pretzel Logic's Market Charts and Analysis: SPX Update: Why this Rally is One for the History BooksPretzelLogichttp://www.blogger.com/profile/11613859771824863784noreply@blogger.comBlogger338125tag:blogger.com,1999:blog-947237681666122369.post-36236853029902567902012-02-15T19:36:34.304-10:002012-02-15T19:36:34.304-10:00I am quite the opposite. I lost after the 2009 bot...I am quite the opposite. I lost after the 2009 bottom and found better ways of trading more suited to my schedule and that made all the difference. The last three months of 2011 were great for me.CCAvatarnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-17706152615090449312012-02-15T07:22:56.104-10:002012-02-15T07:22:56.104-10:00My apologies Daniel, I didn't see your questio...My apologies Daniel, I didn't see your question until the next day. No sir, it's not even close. But I can tell you that the number of new 52 week highs (part of the inputs for the HO) are very anemic considering the strength of the rally off the Nov. low. No worries, you can check in on my blog any time you like and hit the Hindenburg post. I don't post much on it because when I do, I want people to notice it. When I just idle chatter every day, people can get bored with it. I've been careful to do it this was on Seeking Alpha as well. In any case, here's the link to the HO post. Just check it once in a while and when I start to post comments, there's a reason. That'll keep you up to date :-)<br />http://albertarocks-ta-discussions.blogspot.com/2011/12/hindenburg-omen.htmlAlbertarockshttp://albertarocks-ta-discussions.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-30099446948612418822012-02-15T01:55:49.555-10:002012-02-15T01:55:49.555-10:00Alright, update's posted, so let's continu...Alright, update's posted, so let's continue discussion over there.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-74559044668546121432012-02-15T01:51:58.721-10:002012-02-15T01:51:58.721-10:00Who wanted to short AAPL? Stay away. Touched 518 I...Who wanted to short AAPL? Stay away. Touched 518 I think this morning. Speculated that a 5% move for AAPL from 500 would bring it to 525. Not a tgt but shows what 5% would do, a 25 point rise. Point wise that is a substantial loss.<br /><br />http://www.screencast.com/users/katzo7/folders/Jing/media/8e560395-289e-4d1f-bd09-d8b735b7d5b5<br /><br />All about reading the waves, tides go in, tides go out. Some Cajun squeezebox.<br /><br />http://www.youtube.com/watch?v=UoqHjknUlFQkatzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-91083663768458876802012-02-15T01:31:30.102-10:002012-02-15T01:31:30.102-10:00EWaves define tgt level tops and bottoms, ST, IT, ...EWaves define tgt level tops and bottoms, ST, IT, and apply stochs in this non-trending mrkt to aid.katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-36230480632171188032012-02-15T01:20:09.007-10:002012-02-15T01:20:09.007-10:00I like the look of this rising wedge for a bear sc...I like the look of this rising wedge for a bear scenario. An ideal bear case would be to see a pop-up out of the top of the wedge, forming a trap, with a downside target of the trendline below the wedge, perhaps.RolfTnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-17111233546497212552012-02-15T00:59:56.621-10:002012-02-15T00:59:56.621-10:00that is a ways out, will not happen immediately. L...that is a ways out, will not happen immediately. LTkatzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-38509587998275416252012-02-15T00:59:16.036-10:002012-02-15T00:59:16.036-10:00ESESkatzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-23551413443891823422012-02-15T00:58:17.871-10:002012-02-15T00:58:17.871-10:00http://www.youtube.com/watch?v=iyQ1pGrYr-Q&fea...http://www.youtube.com/watch?v=iyQ1pGrYr-Q&feature=relatedkatzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-33781673286417432912012-02-15T00:11:41.253-10:002012-02-15T00:11:41.253-10:00You rock ;) !!!!You rock ;) !!!!michaelhttp://profile.yahoo.com/FV3ADO46IJ3ZWTCTNUCIQBFYRQnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-23741701034942758482012-02-14T23:59:29.371-10:002012-02-14T23:59:29.371-10:00Took a crack at a small short ES 1356.50Took a crack at a small short ES 1356.50Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-78133086674371257542012-02-14T23:47:06.976-10:002012-02-14T23:47:06.976-10:00This is not at all at odds w/ my INDU target of 13...This is not at all at odds w/ my INDU target of 13200-13400. In fact, it's pretty much dead center. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-91697215310696679242012-02-14T23:35:03.622-10:002012-02-14T23:35:03.622-10:00Hi RockR,
Let's hear it for the bears!
Kind re...Hi RockR,<br />Let's hear it for the bears!<br />Kind regards,<br />UKDNYUKDNYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-23797244518529408172012-02-14T23:31:55.567-10:002012-02-14T23:31:55.567-10:00Good morning PL,
the DAX and FTSE are now starting...Good morning PL,<br />the DAX and FTSE are now starting to motor as are the USA futures, and even the Russ2000 which has been lagging,<br />but still no new highs yet.<br />If you have the time, I'd appreciate your take on this chart. <br />Bit bizarre but if it has legs INDU could top at 13,300 -ish.<br />Or not.<br />Kind regards,<br />UKDNYUKDNYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-80937025696002021032012-02-14T23:30:15.027-10:002012-02-14T23:30:15.027-10:00katzo, is the 1340 target for the ES or SPX? Thank...katzo, is the 1340 target for the ES or SPX? Thanks, and tx for the updates!Randallhttp://profile.yahoo.com/S7GX374TOVPSSITDC5NK4WOCWYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-18560125980881235242012-02-14T23:24:09.082-10:002012-02-14T23:24:09.082-10:00hey Katzo,
you mentioned the other day that TVIX ...hey Katzo,<br /><br />you mentioned the other day that TVIX will ABC down and then go into another upswing. Is your price target still 28?MARShttp://profile.yahoo.com/AG5ZN4CPDG3QWSXGTPB4JVUBGAnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-55609526853997192612012-02-14T23:05:50.371-10:002012-02-14T23:05:50.371-10:00T1 1340T1 1340katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-19913846509180536142012-02-14T22:54:11.264-10:002012-02-14T22:54:11.264-10:00I am gonna be a Big Lembowski and throw on a ST sh...I am gonna be a Big Lembowski and throw on a ST short ES up here.<br /><br />http://www.screencast.com/users/katzo7/folders/Jing/media/fa3183cb-1508-417d-a8cf-c6fce78caaa3katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-52106577555232798872012-02-14T22:24:25.052-10:002012-02-14T22:24:25.052-10:00just a dose of fresh reality so my 5yr old underst...just a dose of fresh reality so my 5yr old understands the world! ;-) PL. I am glad to be back on your site. Waited for you to let go of Minor 2, (sorry for front running it ;-) ) and got burned on some other sites when calling for a top last week (never said THE top, just a top, which has been the case for almost the last 8 trading days... which was not received nicely for what ever reason... : most SPX levels have been between between 1340 and 1350 since Feb 3 so calling 1350 a top seemed pretty accurate, disregarding the time scale); I was taking profits and re-positioning myself for the market's next move, which maybe in the making now -IF 1354 is broken tomorrow, which seems likely.<br /><br />ps: AAPL scares me at current levels. It's being traded like a penny stock going parabolic etc, while it is the most valuable company in the world... given that it's influence on markets is substantial, and stealth QE3 or not, all parabolic moves end the same: the opposite... when that happens the market will get hurt... real bad...IMHOsoulsurferusanoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-34140786434774208682012-02-14T22:18:23.496-10:002012-02-14T22:18:23.496-10:00Good morning PL,
Dax and FTSE both (small-) gapped...Good morning PL,<br />Dax and FTSE both (small-) gapped up this am but not to new highs.<br />In fact FTSE looks like it formed a top. Can't see 5 down in the Dax yet<br />So are we going to get a disconnect in the markets which usually accompanies a top?<br />What do you think?<br />Kind regards,<br />UKDNYUKDNYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-89649174998734246322012-02-14T22:10:58.030-10:002012-02-14T22:10:58.030-10:00lmaolmaoPretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-22498344815782982782012-02-14T22:05:37.419-10:002012-02-14T22:05:37.419-10:00yep, i try to sell him 0% down interest free loan...yep, i try to sell him 0% down interest free loan, which he will resist and then i add free printed money to the deal, which will send me to jail. But my big bad lawyers will bail me out so i can fool some more suckas!soulsurferusanoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-55019929811990810472012-02-14T22:01:21.881-10:002012-02-14T22:01:21.881-10:00 E X C E L L E N T post. Been there done that. We... E X C E L L E N T post. Been there done that. Went from 3000% up in 3 days to almost nothing left in weeks/months. Then comes: reality check!!!. I literally went from 10's of 1000s to a few 100. Yep! It's true. Re-Build it all up starting from $250. Yep, $250.... No KIDDING. I learned to be happy with each and every profit, even a dollar! growing my portfolio day by day, sometimes week by week, depending on the trade. bottom line: profit is profit. $10 PROFIT is better than $10 LOSS. Take it and move on to next trade. Learned to be patient, to let the trades come to me instead of chasing. Some times took weeks for a setup, but if that's what it takes to make a profit, so be it. soulsurferusanoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-30330515034111576772012-02-14T22:00:52.305-10:002012-02-14T22:00:52.305-10:00Yep. I owned ASH at around $6 in March '09. ...Yep. I owned ASH at around $6 in March '09. Sold for a little over $9 in just a couple of weeks (50% return) expecting a pullback to get back in. Well, it went to $65 within 12 months. The same thing happened to me wth SBUX, DOW, TPX, etc..., etc... <br /><br />Live and learn.Authentic1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-58424353836648555842012-02-14T21:52:04.930-10:002012-02-14T21:52:04.930-10:00I thought the same, and my thinking was biased tow...I thought the same, and my thinking was biased toward expecting a lower open tomorrow, but around 9:30PM, futures blasted up past the previous highs for this rally.<br /><br />Someone (and by that I mean MANY people) knew about the forthcoming BOJ announcement and China's statement of support for the EU before today's market closed. That was the real reason for the ramp, regardless of what the news outlets wanted everyone to believe: Greece - yeah right!Authentic1noreply@blogger.com