tag:blogger.com,1999:blog-947237681666122369.post4982497838911404234..comments2024-03-18T14:37:21.899-10:00Comments on Pretzel Logic's Market Charts and Analysis: SPX, NDX, and Dow Update: Who Wants to Fade Santa?PretzelLogichttp://www.blogger.com/profile/11613859771824863784noreply@blogger.comBlogger291125tag:blogger.com,1999:blog-947237681666122369.post-58885687792120223372011-12-18T15:14:40.566-10:002011-12-18T15:14:40.566-10:00Okay, I posted a quick, slightly incomplete update...Okay, I posted a quick, slightly incomplete update because I HAVE to run for a couple hours, but I wanted to get it out for you guys. I'll be back in a bit --<br /><br />let's continue discussion on that thread. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-60189075992567389162011-12-18T14:51:08.199-10:002011-12-18T14:51:08.199-10:00Morning Pretzel. Given your calls for a gap down,...Morning Pretzel. Given your calls for a gap down, i guess it is possible to hit 1190 (your target zone) today. What do you make of the market after that when the zone is hit? What are the chances of a last minute Santa rally or will the bullish count eradicated by the 1190 play?TJNnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-38035850213754666952011-12-18T14:40:23.833-10:002011-12-18T14:40:23.833-10:00Expecting tall red candlestick to be added to the ...Expecting tall red candlestick to be added to the daily chart tomorrow. Seems likely that it'll take a serious headline event to stop a selloff. <br /><br />I still think that with 2011 now an officially fucked year, the Street would rather start 2012 a LOT lower than where we are at now. If your a fund manager looking ahead to 2012, wouldn't you rather start at SPX 1,100 instead of up here above 1,200? I know I would.brianhutnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-83881535416785791662011-12-18T14:14:41.672-10:002011-12-18T14:14:41.672-10:00Agreed Pretz on the asset buying oppo of a lifetim...Agreed Pretz on the asset buying oppo of a lifetime forthcoming. It's the primary reason I keep as much as possible in cash. I expect to buy in heavily when the time is right though. Which I expect to be sometime this year or next.brianhutnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-10490654343757973282011-12-18T14:08:48.641-10:002011-12-18T14:08:48.641-10:00Whoops, that was me - issues with DisqusWhoops, that was me - issues with DisqusB.O.B.noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-79678644213741696772011-12-18T14:07:30.077-10:002011-12-18T14:07:30.077-10:00Lol - where's GGecko - he'll give us a nic...Lol - where's GGecko - he'll give us a nice rant! They hit 1214, but have pulled back below 1212 again, so not up too much. It is pretty amazing though - somebody's really gunning for that Santa rally. I'm sure Europe will screw something up over the next 12 hours and the decline can resume in earnest. Maybe S&P will come out before Europe opens with the downgrades we all know are coming.Guestnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-31104272304053340132011-12-18T14:03:10.980-10:002011-12-18T14:03:10.980-10:00Still working on the SPX update, but I did just po...Still working on the SPX update, but I did just post a new article on a potential short opportunity. I'll try to get to everyone's questions, etc., when I'm done w/ the update.<br /><br />btw, futures look like they're still completing a corrective wave, which should lead lower when done.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-9576447328820170652011-12-18T14:00:34.762-10:002011-12-18T14:00:34.762-10:00futures are up. what. a. surprise.futures are up. what. a. surprise.mavrichnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-78887289716062007932011-12-18T10:57:48.410-10:002011-12-18T10:57:48.410-10:00Thanks PL! What does it look like would happen fr...Thanks PL! What does it look like would happen from there....very small bounce and then continuation of the downtrend?blackjaknoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-81275292538379640232011-12-18T08:26:06.132-10:002011-12-18T08:26:06.132-10:00Thanks PL! Sneak peak is greatly appreciated. My w...Thanks PL! Sneak peak is greatly appreciated. My weekend analysis is calling for the third wave down. Plus the moving averages (5,21, 26, 50, 200) and the momentum indicators bearish divergences (MACD, RSI) are all indicating down. In other words, I think Santa is stuck in someone's chimney and can't break free. HTnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-6192271552906507582011-12-18T08:16:08.637-10:002011-12-18T08:16:08.637-10:00A suggestion:
PL, something that I beleive would...A suggestion:<br /> PL, something that I beleive would be very helpful for those of us easily-confused followers and ensure consistency of count nomenclatur for all, namely, an inser put on each chrat that contains the heirarchy of the counts with colors, relative font sizes, Lc, Ucletters, parantheies etc as you would want it. Presumably, once this is done, you could just copy and paste it on any chart. I know you have something like this on an older post, but I don't believe it is explicit enough with colors, etc.Frednoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-586635662862242011-12-18T08:11:11.138-10:002011-12-18T08:11:11.138-10:00Thanks, that did the trick. Chart loading at 1240...Thanks, that did the trick. Chart loading at 1240X928 and can read everything.<br />I had been left clicking instead of right clicking and opening in new tab/window.Soidognoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-49469778464168011412011-12-18T06:10:03.586-10:002011-12-18T06:10:03.586-10:00Please daddy runner, NO feesPlease daddy runner, NO feesAunt11noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-88384141415842771922011-12-18T06:00:17.602-10:002011-12-18T06:00:17.602-10:00Lol, just re-read my post for grammar and it made ...Lol, just re-read my post for grammar and it made me think of your minyanville heckler who criticized you for providing both upside and downside targets (if-then scenarios). Geez, how dare you PL!?!?!B.O.B.noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-21307229758816384492011-12-18T05:57:12.587-10:002011-12-18T05:57:12.587-10:00This. It loads at about 1200 x 900 pixels, and yo...This. It loads at about 1200 x 900 pixels, and you can zoom in on your browser.B.O.B.noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-21692404756358764252011-12-18T05:52:58.971-10:002011-12-18T05:52:58.971-10:00Yes, thanks. Additionally, if you have time, coul...Yes, thanks. Additionally, if you have time, could you give us an upside target which would let us know that this scenario is not playing out and we should cut and run? Friday's high maybe? Thanks again.B.O.B.noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-64211692882794753062011-12-18T05:16:46.507-10:002011-12-18T05:16:46.507-10:00Thanks for the sneak peak info.Thanks for the sneak peak info.SpikerJnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-71954358172062917882011-12-18T05:15:52.455-10:002011-12-18T05:15:52.455-10:00If you haven't already, try opening the chart ...If you haven't already, try opening the chart in a separate tab, then click to zoom in. I have not had a problem with resolution using that method.SpikerJnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-77539355051502210652011-12-18T04:59:13.250-10:002011-12-18T04:59:13.250-10:00Hi Pretzel, Recently stumbled on your blog and sta...Hi Pretzel, Recently stumbled on your blog and started reading, interesting stuff. The smaller text like date and <br />y-axis on the charts is too blurry to read. When I try to enlarge, it just blurs out. The resolution seems low at<br />663X496 pixels, 176,931 bytes. Can the charts increase pixels/resolution. ThanksSoidognoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-92116546487575872922011-12-18T04:58:39.566-10:002011-12-18T04:58:39.566-10:00It is good to know. Thank you for sharing this po...It is good to know. Thank you for sharing this post.Raynoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-7212873948337507342011-12-18T04:01:35.217-10:002011-12-18T04:01:35.217-10:00Have a good rest! For people like us not in the U...Have a good rest! For people like us not in the US timezone, getting enough sleep during non-trading days is v importantTJNnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-52267522533011689832011-12-18T03:33:54.878-10:002011-12-18T03:33:54.878-10:00Since I may or may not get the update published be...Since I may or may not get the update published before the futures market opens, my next target for SPX is 1185-1200. If I had to put an exact number on it, I'd say 1190 at the moment. Still got work to do though, and haven't even started writing the article. But I've done enough charting to quote that target with some degree of confidence. Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-67395089667047387332011-12-18T02:56:56.675-10:002011-12-18T02:56:56.675-10:00Morning Maui time, anyway. Afternoon/evening for ...Morning Maui time, anyway. Afternoon/evening for most of the U.S.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-68257742213616189492011-12-18T02:56:25.560-10:002011-12-18T02:56:25.560-10:00I've spent so much friggin time looking at mov...I've spent so much friggin time looking at moving platforms that I barely got to the charts tonight. But basically, not a whole lot has changed since Friday's update (or Thursday's, or Wednesday's, or Tuesday's, or Monday's, or Sunday's, or last Friday's, etc... lol). <br /><br />Still think the trend is down, and the bullish alternate count is unlikely. :)<br /><br />And still think we could see big declines on Monday. I'm passing out now, going to have to get back to this tomorrow morning.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-42848986844259815082011-12-18T02:50:34.218-10:002011-12-18T02:50:34.218-10:00Definitely. I've mentioned it a few times in ...Definitely. I've mentioned it a few times in the recent past.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.com