tag:blogger.com,1999:blog-947237681666122369.post6298590409102444595..comments2024-03-18T14:37:21.899-10:00Comments on Pretzel Logic's Market Charts and Analysis: SPX and Nasdaq Updates: Long-term Charts Show Market Faces Key Resistance LevelsPretzelLogichttp://www.blogger.com/profile/11613859771824863784noreply@blogger.comBlogger354125tag:blogger.com,1999:blog-947237681666122369.post-61212722163801688212012-01-12T08:40:58.957-10:002012-01-12T08:40:58.957-10:00DOH! Check that... it was WYN (Wyndam Worldwide) ...DOH! Check that... it was WYN (Wyndam Worldwide) that PL had the alert on and that I shorted yesterday, only to get stopped out this morning. LOL!matsterynoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-69993739475679294002012-01-12T05:22:48.459-10:002012-01-12T05:22:48.459-10:00Do not take the name of Dust Devil in vain.
;-) y...Do not take the name of Dust Devil in vain.<br /><br />;-) you can, but it's your loss, not minedust_devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-75549295072945890772012-01-12T04:26:40.999-10:002012-01-12T04:26:40.999-10:00Ameritrade premarket says--- At the same time the...Ameritrade premarket says--- At the same time the data was released, European Central Bank President Draghi began a press conference. His words are still making their rounds, but the initial response by the euro has been to retreat back to the neutral line.dust_devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-52962349402637814042012-01-12T04:22:06.936-10:002012-01-12T04:22:06.936-10:00That's like 11,000 people hovering over you at...That's like 11,000 people hovering over you at your computer! It's a crazy thought.William Linoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-30561882573949183622012-01-12T04:04:19.671-10:002012-01-12T04:04:19.671-10:00Update's posted, so let's continue discuss...Update's posted, so let's continue discussion on the new thread. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-92064163379458837992012-01-12T03:58:57.305-10:002012-01-12T03:58:57.305-10:00So why is europe also reversing on the US jobless ...So why is europe also reversing on the US jobless numbers? Could it be that the ECB held thecurrent rate and did not lower it again to juice the economy?GreatTaliskernoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-39851817858840941122012-01-12T03:54:07.559-10:002012-01-12T03:54:07.559-10:00I was thinking the same thing, finally some realit...I was thinking the same thing, finally some reality in the economic data. Retail sales for December also severely underperformed.foomernoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-51829838149334962002012-01-12T03:50:34.478-10:002012-01-12T03:50:34.478-10:00Ha! Finally a bit of bad news, jobless claims rise...Ha! Finally a bit of bad news, jobless claims rise sharply. <br />http://www.reuters.com/article/2012/01/12/us-usa-economy-idUSTRE7BM0AB20120112<br /><br />Futures reverse back down. Wait a minute! You mean bots can read the news?dust_devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-30620043782990985082012-01-12T03:22:53.565-10:002012-01-12T03:22:53.565-10:00Yes it was! I have been watching this one since h...Yes it was! I have been watching this one since his alert several weeks ago. Believe it or not, I opened ST in-the-money puts on this yesterday!matsterynoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-23392112240718155702012-01-12T03:14:17.446-10:002012-01-12T03:14:17.446-10:00Feel free to joke at any time...You can even bust&...Feel free to joke at any time...You can even bust'em a little if I post something that clearly is the ravings of a lunatic....Some days are better than others LOLjbg1911noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-9852573698148163362012-01-12T03:10:11.089-10:002012-01-12T03:10:11.089-10:00Any bond sale of less than 3 year duration is back...Any bond sale of less than 3 year duration is backstopped by the 3-year LTRO so it's a lot easier for buyers to stomach. The takeaway for me is that they went as would be expected in regards to Italy. Nothing really positive, and the premarket reaction is pretty much the same as it was as the last auction a couple of weeks ago. The Spanish sale was more interesting due to the total sale. I'm looking for an SPX top of less than 1310, and a RUT top of 780. GLTAjbg1911noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-7784373166525884282012-01-12T03:03:10.915-10:002012-01-12T03:03:10.915-10:00Wynn Resorts down 8% pre-open. Wasn't that a ...Wynn Resorts down 8% pre-open. Wasn't that a PL prediction a few weeks ago?SpikerJnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-50132636400191543992012-01-12T03:00:10.729-10:002012-01-12T03:00:10.729-10:00OK, you guys all close your shorts and I'll ke...OK, you guys all close your shorts and I'll keep mine. :)<br /><br />Seriously, there is no good solution, is there? Even if you decide to wait till the first gap down before going in, you just might get whipsawed with a rebound gap up the very next day.dust_devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-50309720850412928382012-01-12T02:57:38.179-10:002012-01-12T02:57:38.179-10:00 Naaah, you're good, as I said very thorough..... Naaah, you're good, as I said very thorough....katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-77944346242482858822012-01-12T02:54:51.726-10:002012-01-12T02:54:51.726-10:00Just some thoughts on going short over the past we...Just some thoughts on going short over the past week(s): For the past month or more, PL and others have been predicting, and even preferring that the SPX would approach 1310 before turning over. If you opened short positions in the past week or two, you did so with the understanding that this upward wave could (or even *would*) extend to that point. I, too started scaling into short positions this week and although I would have loved for the market to turn at that point, I knew that there was a certain amount of risk involved and have felt a little "pain" myself. The psychology of needing to "catch the top" comes with inherent risk. The fact that shorts are now feeling the "squeeze" to throw in the towel just below major resistance is a sign that the turn is right around the corner.<br /><br />In fact, maybe if all of us shorts close our positions today, that will be the trigger every one of us has been looking for. 8^Dmatsterynoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-70597056875781199792012-01-12T02:28:30.859-10:002012-01-12T02:28:30.859-10:00Mind bloggin .. the number of ppl reading my insip...Mind bloggin .. the number of ppl reading my insipid comments!dust_devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-16601481114141540112012-01-12T02:22:25.788-10:002012-01-12T02:22:25.788-10:00Yeah. Disclaimers on everything nowadays.
Disc...Yeah. Disclaimers on everything nowadays. <br /><br />Disclaimer: Not everything has disclaimers.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-80887833615887148412012-01-12T02:20:19.407-10:002012-01-12T02:20:19.407-10:00Wave 1 of 3 in 2008 took roughly 2 months.Wave 1 of 3 in 2008 took roughly 2 months.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-16366316674472299402012-01-12T02:17:55.254-10:002012-01-12T02:17:55.254-10:00LOL...It's an ISaber (did I just make a bad si...LOL...It's an ISaber (did I just make a bad situation worse?) As my wife would say, "Oh...Too bad...Thanks for playin'...Buh Bye". I too am guilty of venting through humor...It keeps me sane (irregardless of what any people who know me may have reported.)jbg1911noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-55374704037932654662012-01-12T02:11:22.293-10:002012-01-12T02:11:22.293-10:00 There is a big price cluster node at 1297.50 ES a... There is a big price cluster node at 1297.50 ES and of course, everyone is watching 1300.katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-62546293970608561252012-01-12T01:53:45.622-10:002012-01-12T01:53:45.622-10:00Lol. It's sad that we have to put disclaimers...Lol. It's sad that we have to put disclaimers on jokes these days. Kinda flattens the punchline.matsterynoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-84770365829039959172012-01-12T01:21:30.646-10:002012-01-12T01:21:30.646-10:00SPX to open around 1300 (es @ 1294ish) - bond auct...SPX to open around 1300 (es @ 1294ish) - bond auctions went weeelll, i mean really really well, so well that euroland has absolut confidence to finance the 10+ zillion euros (eur up 0.4% @1.276) needed to finance all of their debts this year, *hopes* of ecb rate cuts alive and kicking.. any bears left are bound to be bull-dozed..:(vinod jsrnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-79460396114002506952012-01-11T23:08:23.736-10:002012-01-11T23:08:23.736-10:00LolLolHT00noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-64428695354753242732012-01-11T23:03:50.432-10:002012-01-11T23:03:50.432-10:00PL - What are your thoughts on the time it will ta...PL - What are your thoughts on the time it will take for 1 of 3 down to make a lower low below 1074? Do you think the markets will drop below 1074 in a month, 3 months or 6 months? <br /><br />Looking at the August decline, it took 2 weeks for the markets to drop 16%. But that was wave 3 of minor 1 down. Wave 1 of minor 1 down took 2 months (May to July). Given that we will be embarking upon wave 1 of 3 down, what time horizon should I look for in put options to capture the entire move of 1 of minor 3 down? HT00noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-78687539005743025332012-01-11T22:59:36.540-10:002012-01-11T22:59:36.540-10:00You bet Pretzel. I have a pretty good idea what y...You bet Pretzel. I have a pretty good idea what you mean. I'll post the odd chart from my library from time to time too. They'd be intended to help point out something out that's germain to the topic of discussion or to the market action as it unfolds.<br /><br />And thanks for checking out some of my articles DD. For the most part, they really 'are' often an attempt to understand the macro picture and where we're likely headed. If the world is going to embark on the dreaded deflationary road, then darn it, I want to know like right now. If it's to be the opposite, I want to know that too, plug my nose, and start going long. For me, that's painfully difficult to do, knowing what I think I know, lol.Albertarockshttp://albertarocks-ta-discussions.blogspot.com/noreply@blogger.com