tag:blogger.com,1999:blog-947237681666122369.post6218247211451692121..comments2024-03-18T14:37:21.899-10:00Comments on Pretzel Logic's Market Charts and Analysis: SPX and RUT Updates: Avoid Trading Only Your BiasPretzelLogichttp://www.blogger.com/profile/11613859771824863784noreply@blogger.comBlogger260125tag:blogger.com,1999:blog-947237681666122369.post-88251534144273730822012-03-05T12:23:33.425-10:002012-03-05T12:23:33.425-10:00Great calls, Katzo and BH, on the Monday gap down!...Great calls, Katzo and BH, on the Monday gap down!Dust Devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-26051420439665740172012-03-05T04:14:27.315-10:002012-03-05T04:14:27.315-10:00Thanks. I think this is "right" :-)Thanks. I think this is "right" :-)Dust Devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-5694357016799374782012-03-04T23:35:35.752-10:002012-03-04T23:35:35.752-10:00Okay, update's posted. Let's continue dis...Okay, update's posted. Let's continue discussion over there. 12 charts, so don't say I never gave ya nothin'. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-7467749557053807822012-03-04T23:04:36.414-10:002012-03-04T23:04:36.414-10:00Break of the 1363 area, and my 1360 gap fill line ...Break of the 1363 area, and my 1360 gap fill line which also seems to be important puts IT ES at 1345-8.katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-50736993104433758142012-03-04T22:56:47.271-10:002012-03-04T22:56:47.271-10:00 That is the big question, 1363 is key. My longer ... That is the big question, 1363 is key. My longer term charts say potential for a break of that number. Whether we bounce and how high off 1363 is a question too. Bounce would be to 69-71, above that and we head for top of triangle TL again, 1375-6.katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-43523323672597018202012-03-04T22:48:57.518-10:002012-03-04T22:48:57.518-10:00katzo, do you expect it to hold here or continue d...katzo, do you expect it to hold here or continue down?Randallhttp://profile.yahoo.com/S7GX374TOVPSSITDC5NK4WOCWYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-59439987732899457742012-03-04T22:31:49.657-10:002012-03-04T22:31:49.657-10:00We are siting right on the TL of the ES triangle n...We are siting right on the TL of the ES triangle now, 1360 on the 120. Because of the incline of the TL that number has come up from 1360. On Friday I called for a gap down at opening today.katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-52052064255173209402012-03-04T22:06:29.446-10:002012-03-04T22:06:29.446-10:00Michael Stastny is a Maths Profession in Spain.( I...Michael Stastny is a Maths Profession in Spain.( I think now he is in Vienna) Sometimes back in 2010 he had an inspiration and he converted SPX in Euro and compared it with Nikkei. The result was stunning. So, the upswing that we are seeing now is not totally unexpected and we can expect to get more in the year 2012. The next three years will be the end of the print and inflate economy. That ties neatly with all other technical and fundamental indicators that I am following and developing. When you have a road map it becomes easier to navigate. In the mean time, the trend table has not changed much and gold continues to be on sell signal. I am expecting a bottom in GLD in the price range of $156-158.<br />Thank you for reading http://bbfinance.blogspot.com/ . Please forward / retweet the post to your friends and join me in Twitter. (@BBFinanceblog). As always, I welcome your comments and suggestions. Hope you are enjoying your weekend with your loved ones.Blind_Squirrelnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-44396167029531203022012-03-04T20:48:24.578-10:002012-03-04T20:48:24.578-10:00Just covered my ES short from 75.5 at 65.5. OMG, ...Just covered my ES short from 75.5 at 65.5. OMG, been holding that since Wednesday. I missed my exit last week and decided to just hang on to it. Should have been in and out of that trade at least twice by now. Oh well, 10 points is 10 points. Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-71866105569070586182012-03-04T19:37:48.928-10:002012-03-04T19:37:48.928-10:00XXXXXXXXXXXXX Rated Bear Porn!!!!!
http://www.you...XXXXXXXXXXXXX Rated Bear Porn!!!!!<br /><br />http://www.youtube.com/watch?v=E1xqSZy9_4I&feature=youtu.beBlind_Squirrelnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-71208806976120968582012-03-04T18:58:03.935-10:002012-03-04T18:58:03.935-10:0055 years ago, on 3/4/1957 The SP500 was created. ...55 years ago, on 3/4/1957 The SP500 was created. Prior to the 500 is was the S&P 90.windybnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-30512625111249464612012-03-04T18:01:31.508-10:002012-03-04T18:01:31.508-10:00Good information. Thank you SpikerJ.Good information. Thank you SpikerJ.Ray_1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-14453006240437006892012-03-04T17:57:05.133-10:002012-03-04T17:57:05.133-10:00It was a pretty sharp Bear clause - clawsIt was a pretty sharp Bear clause - clawsKB03noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-13088554760292413262012-03-04T17:53:05.065-10:002012-03-04T17:53:05.065-10:00Real nice chart BSReal nice chart BSKB03noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-6412647934323366002012-03-04T17:48:00.777-10:002012-03-04T17:48:00.777-10:00Thanks, DRG, and welcome, btw. :)
As far as the ...Thanks, DRG, and welcome, btw. :)<br /><br />As far as the new site -- it's still very much under construction. TBD on most questions regarding functionality. Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-70531453750423368002012-03-04T17:37:55.784-10:002012-03-04T17:37:55.784-10:00PL, I have been following the conversation about ...PL, I have been following the conversation about the new website. I hope it remains as good as the one you have going. I had to search long and hard to find this one and have been quietly following this site for over a year now. I truely enjoy the posting here and the quality of people on this site is hard to find elsewhere. Just wanted to let you know. A question - will the new site allow you to see the links posted in the comments section on your mobile device? Thanks for all you do and am looking forward to the coming week. DirtnRockGuy62noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-75487531398505238462012-03-04T17:28:54.105-10:002012-03-04T17:28:54.105-10:00Good posts -- except as I see it the rectangle was...Good posts -- except as I see it the rectangle was from almost 811-833 = 22 points = 788/89 target. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-80363996844752001092012-03-04T17:23:29.092-10:002012-03-04T17:23:29.092-10:00Rectangles are relatively easy to trade provided y...Rectangles are relatively easy to trade provided you have familiarity with the stock or index that you are working with: Think of this way a ball bouncing between a ceiling or resistance and a floor or support. Generally a rectangle will give 3 to 4 good trades between those two points on a count something like this: 1 the initial top, 2 the initial floor, 3 the second top, 4 the second floor, 5 the third and generally the last top, and 6 the third and generally the last floor. Trades 2,3, and 4 are pretty easy to do. Trades 5 and 6 you must be ready for a quick reversal with tight stops or nimble scrambling to cover and redirect your position. Trades go something like this, stop out and redirect the original position at what turns out to be position 1, same thing at position 2, sell on 3, buy on 4, sell at 5 be ready and be quick, buy on 6 and be ready and be quick. This past friday i bought on 6 and had to scramble to cover the long and get short on the breakdown out of the rectangle. Generally TA calls for the measuring principal to be the width of the rectangle. So in the case of RUT russel index, the rectangle was from 800 to 830, so the downside target is generally 770. Good trades to you.DirtnRockGuy62noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-86253419657241940742012-03-04T17:06:01.552-10:002012-03-04T17:06:01.552-10:00Cool chart. I was just working on a cycle study o...Cool chart. I was just working on a cycle study of my own, which suggests a top on or around March 6... (insert Twilight Zone music here). I'll publish it in the update.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-70887151214183857892012-03-04T17:03:02.217-10:002012-03-04T17:03:02.217-10:00Thanks for that. I am short Euro futures and prob...Thanks for that. I am short Euro futures and probably going to focus more capital there / get shorter. The rip up from 1.26 seems way overdone.Whoa_Nelliehttp://pulse.yahoo.com/_AWNE7KBBN2JNCLUIPQPIWKIEVEnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-15944407746722746972012-03-04T17:00:13.211-10:002012-03-04T17:00:13.211-10:00Don't you mean, 'who knew, eh?' ???Don't you mean, 'who knew, eh?' ???Whoa_Nelliehttp://pulse.yahoo.com/_AWNE7KBBN2JNCLUIPQPIWKIEVEnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-66025909583628752632012-03-04T16:31:46.587-10:002012-03-04T16:31:46.587-10:00http://content.screencast.com/users/chartwiz/folde...http://content.screencast.com/users/chartwiz/folders/Jing/media/cb599d69-2ec4-47af-8ed1-e74ce206c43e/2012-03-04_1536.png<br /><br />@Gann360 Dow ChartBlind_Squirrelnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-28520130717485177542012-03-04T15:47:06.450-10:002012-03-04T15:47:06.450-10:00I suppose you could nail the pool table to the wal...I suppose you could nail the pool table to the wall... :o<br /><br />As far as the e-mail updating on the new site -- prolly. I may end up sticking with Disqus, though I'm trying to build a "better" forum. It will depend on how quickly my HTML and CSS skills improve...<br /><br />Thanks again for your support. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-66686514042313141042012-03-04T15:44:11.573-10:002012-03-04T15:44:11.573-10:00Yes to the first question, no clue on the second. ...Yes to the first question, no clue on the second. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-46610600806596423852012-03-04T15:25:39.090-10:002012-03-04T15:25:39.090-10:00Since last Tuesday, I am "long" TZA and ...Since last Tuesday, I am "long" TZA and FAZ but with stops so tight, they squealed a little when I put them in. I learned that lesson very well (of using and *keeping* stops) during this multi-month run-up. :-) PL's and katzo7's constant reminders are finally starting to sink in. Whip_sawednoreply@blogger.com