tag:blogger.com,1999:blog-947237681666122369.post6348742191433613449..comments2024-03-18T14:37:21.899-10:00Comments on Pretzel Logic's Market Charts and Analysis: SPX Update: This Zone Represents a Confluence of TargetsPretzelLogichttp://www.blogger.com/profile/11613859771824863784noreply@blogger.comBlogger458125tag:blogger.com,1999:blog-947237681666122369.post-32681148190261056472012-03-19T18:00:46.173-10:002012-03-19T18:00:46.173-10:00Yes the green upside mountains are money flowing i...Yes the green upside mountains are money flowing into the stock, brownish downside is money flowing out. So yes SPX looks like cash is trending down but not out so it would seem a turn in approaching....DirtnRockGuy62noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-8171005023539376622012-03-19T17:52:17.987-10:002012-03-19T17:52:17.987-10:00So what do the planets say about when that will ha...So what do the planets say about when that will happen....cause something's gotta give in this market...LOLDirtnRockGuy62noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-16874057511281400502012-03-19T03:10:40.139-10:002012-03-19T03:10:40.139-10:00Fried brains.....is that a delicacy there in Hawai...Fried brains.....is that a delicacy there in HawaiiBob_Enoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-16189499420564787002012-03-19T03:06:17.615-10:002012-03-19T03:06:17.615-10:00Good call on AAPL also. 585 to 604 would have been...Good call on AAPL also. 585 to 604 would have been 3.25% in 2 hours!Dust Devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-85465620521136701732012-03-19T03:03:44.678-10:002012-03-19T03:03:44.678-10:00Sweet....Sweet....Bob_Enoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-72299345351130494112012-03-19T02:11:17.684-10:002012-03-19T02:11:17.684-10:00Good call. A nice 4 points.Good call. A nice 4 points.Dust Devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-76126135045754593332012-03-18T23:36:17.157-10:002012-03-18T23:36:17.157-10:00Great post!
I also see you are developing my pr...Great post! <br /><br />I also see you are developing my propensity to mix metaphors, lol. Just be careful... as the old UNCF ad used to say: a mixed metaphor is a terrible thing to waste.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-57513784815749544092012-03-18T23:21:11.787-10:002012-03-18T23:21:11.787-10:00Okay, update's posted and I'm beat. Let&#...Okay, update's posted and I'm beat. Let's continue discussion on that thread. Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-18521249828647629732012-03-18T23:18:28.195-10:002012-03-18T23:18:28.195-10:00 Magnet and steel
http://www.youtube.com/watch?v=... Magnet and steel<br /><br />http://www.youtube.com/watch?v=Ar5GaTC440Mkatzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-62789031474989941532012-03-18T22:32:34.042-10:002012-03-18T22:32:34.042-10:00 Go ahead, go long, fade me, especially at 2:51 th... Go ahead, go long, fade me, especially at 2:51 this morning. Be my guest....katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-89153164339366162872012-03-18T22:17:11.194-10:002012-03-18T22:17:11.194-10:00Follow up to $SPX/5 with a ES 5 minute chart. ABCs...Follow up to $SPX/5 with a ES 5 minute chart. ABCs which represent indecision (remember the dojis on larger time frames) can turn into EW 1 to 5s on a recount. <br />Before.<br /><br />http://www.screencast.com/users/katzo7/folders/Jing/media/c5d87862-9017-4032-b245-c4c52c57eec4<br /><br />After<br /><br />http://screencast.com/t/uSygmQdLuUpfkatzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-46812655287643869472012-03-18T21:40:36.810-10:002012-03-18T21:40:36.810-10:00Yeap. I did not believe it when I first looked at ...Yeap. I did not believe it when I first looked at the pattern. It seems unbelievable to think that the market could go any further to the upside either short term or, after the summer dip, into a stratospheric jump higher before collapsing. Now it seems to make perfect sense. I guess I will have to wait and see. I know I'm going to be going short end April and then look to buy back in around 1000 - 1100 ish level. This, I believe, will be a fantastic opportunity to go long, before Jackson Hole, as Ben B, and his central bank colleagues, hit the QE panic button once again.<br /><br />They think they are winning and can contain the mess they are creating... hence we have not reached the end of the crazy QE policy just yet... meaning higher asset prices. Thanks for noting this potential... as usual - excellent write up above. It helped me vision the above. michaelhttp://profile.yahoo.com/FV3ADO46IJ3ZWTCTNUCIQBFYRQnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-25370365610124280772012-03-18T21:14:09.604-10:002012-03-18T21:14:09.604-10:00covered +1.5 TFcovered +1.5 TFRockRhttp://profile.yahoo.com/_SJ7XMQ7LYOTRCGGZOG222ITZIMnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-53568825322544778042012-03-18T20:49:09.849-10:002012-03-18T20:49:09.849-10:00 Not for nothing but I would have to consider +/- ... Not for nothing but I would have to consider +/- 1/365th as pretty small tolerance.CalDnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-3254525815446044282012-03-18T20:42:45.538-10:002012-03-18T20:42:45.538-10:00The funny thing is, it actually pains me to even c...The funny thing is, it actually pains me to even consider the plausibility of stuff like this. On the one hand I have very small tolerance for voodoo in general. On the other hand, the empirical case for things like stock market cycles and Elliott wave patterns cannot be plausibly denied. And the minute you admit such things exist, the search for reasons is on. <br /><br />Since the forces that create these things cannot be readily identified they are currently attributable to unseen forces. And while I am generally skeptical of astrology, et al, I do believe in unseen forces such as radio waves and x-rays. So at the point where you're forced to admit that things you can neither see nor readily completely that can affect the things you can see and measure, then where do you draw the line?CalDnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-91464728909022730922012-03-18T18:51:24.535-10:002012-03-18T18:51:24.535-10:00I can see a C up to the 200dma as you have here......I can see a C up to the 200dma as you have here...but I don't like the 12345 B wave. Too choppy with too much overlap. B's are against the trend and usually exhibit abc structure (i think)...Pretzel would have to validate as I'm an EW newbie as well....there are also a lot of 1 and 4 overlaps which aren't suppose to happen except in ending diagonals or maybe leading diagonals? Thanks for the charts and something else to consider. I've got a stop sitting about a point above friday's close, let's see if it holds :)RockyTopGunnernoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-43399091831396253812012-03-18T18:20:13.515-10:002012-03-18T18:20:13.515-10:00Just about everthing looks like it's in a four...Just about everthing looks like it's in a fourth wave -- many of them 4th wave triangles. Trying to figure out which degree 4th wave is challenging. One option has SPX heading to about 1410 and reversing, another has it heading into the 1420's.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-45851410298723465402012-03-18T18:08:26.276-10:002012-03-18T18:08:26.276-10:00You already said it. :)You already said it. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-19654100938048466372012-03-18T18:02:04.768-10:002012-03-18T18:02:04.768-10:00We don't have to trade everyday. Let us patien...We don't have to trade everyday. Let us patiently wait unitl we see some distribution. Until then, no action needed, as we know<br />upside is limited here.marketcycle studentnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-27015366960157315202012-03-18T18:02:04.538-10:002012-03-18T18:02:04.538-10:00I can't think of a damn thing to say that woul...I can't think of a damn thing to say that would make you feel better. Furrrrnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-20964097641654194602012-03-18T17:51:55.341-10:002012-03-18T17:51:55.341-10:00So true...So true...Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-28954683688338758692012-03-18T17:46:48.396-10:002012-03-18T17:46:48.396-10:00Ahhh, DNG62, depression and sadness come after rea...Ahhh, DNG62, depression and sadness come after reality. First, we need panic and irrationality for the turn.Furrrrnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-8364155578362465332012-03-18T17:34:28.498-10:002012-03-18T17:34:28.498-10:00Let go.... In the storm of too many answers there ...Let go.... In the storm of too many answers there are no answers.Furrrrnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-70455431134949782262012-03-18T16:55:00.835-10:002012-03-18T16:55:00.835-10:00So I guess the green area means money flow is stil...So I guess the green area means money flow is still positive but decreasing?Dust Devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-57170897797489188292012-03-18T16:40:49.747-10:002012-03-18T16:40:49.747-10:00Charts are giving me a headache right now. :/Charts are giving me a headache right now. :/Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.com