tag:blogger.com,1999:blog-947237681666122369.post6494652853339630851..comments2024-03-18T14:37:21.899-10:00Comments on Pretzel Logic's Market Charts and Analysis: SPX, RUT, and INDU Update: Trying to Reconcile the Contradictions...PretzelLogichttp://www.blogger.com/profile/11613859771824863784noreply@blogger.comBlogger347125tag:blogger.com,1999:blog-947237681666122369.post-70271388383113078462012-04-20T17:13:53.020-10:002012-04-20T17:13:53.020-10:00Bob, I never was able to get that chart of ASA. T...Bob, I never was able to get that chart of ASA. Try again this weekend. ThanksDirtnRockGuy62noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-3176035901537058242012-04-20T17:13:02.245-10:002012-04-20T17:13:02.245-10:00LOL Good oneLOL Good oneDirtnRockGuy62noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-17881788491707473202012-04-19T02:56:51.668-10:002012-04-19T02:56:51.668-10:00Based solely on his personality and dress code, I&...Based solely on his personality and dress code, I'd say no one wants to live with him now.Bob_Enoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-44087333012757975012012-04-19T01:46:59.609-10:002012-04-19T01:46:59.609-10:00Good call, Katzo.Good call, Katzo.Ray_1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-50546514166648677632012-04-19T00:54:19.519-10:002012-04-19T00:54:19.519-10:00Okay, update's posted -- let's continue di...Okay, update's posted -- let's continue discussion on that thread. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-2186742276777040312012-04-19T00:52:36.108-10:002012-04-19T00:52:36.108-10:00Morning - was worn out so went to bed early - good...Morning - was worn out so went to bed early - good thing cause the rascal was up very early this am. The chart simply shows pivot points and support resistance brought across from the up move. It shows me where to enter and where I should plan exits based on failure or success. Currently I am watching the inverted H and S pattern for a breakout above overlying resistance at pivot point high of 1393. A move with conviction could take us to upside of 1402, 1410, 1415. Failure of immediate uptrend line should result in a decline to 1378, putting trade below blue central tendency line for a decline to about 1375 and 1367. Up move should have a backtest of the downtrend to be sufficently strong to carry through round number at 1400. That would provide an entry at about 1391-2 DirtnRockGuy62noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-45629334983601668582012-04-19T00:24:57.696-10:002012-04-19T00:24:57.696-10:00appears megaphone is complete and drop aheadappears megaphone is complete and drop aheadkatzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-23118778788297287162012-04-18T23:39:09.598-10:002012-04-18T23:39:09.598-10:00I was in a very small plane, a Cessna 172. There ...I was in a very small plane, a Cessna 172. There was no door at all on the passenger side and I was in the back. I remember stepping out onto that little pedestal that was welded onto the side of the plane and grabbing hold of the wing strut. Just kind of hanging there until it was time to "let go". When I finally did let go, I thought I was gonna die, especially because my parachute didn't even open. But that feeling didn't last too long because I only fell about 16 inches or so before my feet were once again safely planted on the hangar floor. You didn't think I meant that I had jumped out of a plane that was actually "in the air" did you? <br /><br />Haha... just kidding. It 'was' really in the air. And yes, the parachute 'did' open. :-)Albertarockshttp://albertarocks-ta-discussions.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-17502576879191236572012-04-18T23:16:58.327-10:002012-04-18T23:16:58.327-10:00trend line says down ..trend line says down ..UKDNYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-46538970575267418112012-04-18T23:15:49.111-10:002012-04-18T23:15:49.111-10:00SPX Stoch MI showing bearish hook at the moment, c...SPX Stoch MI showing bearish hook at the moment, could change of course, super volatile at the moment.UKDNYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-76386600426649346382012-04-18T23:03:51.678-10:002012-04-18T23:03:51.678-10:00oops INDU just collapsed from 13113 to 13057 in 10...oops INDU just collapsed from 13113 to 13057 in 10 minutes.....now back up to 13090 in 5.... looks like a bear hook in Soch MI now... the Cloud wins again. SPX dragged back in and NDX repelled. Another up/down day? Lots of volatility perhaps, gotta see what INDU does with the Cloud :- upper edge (kumo1) is 13000. Up/down up/down.... quo vadis. que pasa ?? or something like that.. UKDNYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-90178255091141923332012-04-18T22:59:31.726-10:002012-04-18T22:59:31.726-10:00ES touched 90, I mentioned that as a tgt yesterday...ES touched 90, I mentioned that as a tgt yesterday (91), and then backed down immediately leaving a huge doji on the 15 min.katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-35809780970851979322012-04-18T22:48:25.733-10:002012-04-18T22:48:25.733-10:00Looks like we go higher. Looks like we go higher. Jumperno64noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-48367028605414288382012-04-18T22:42:00.150-10:002012-04-18T22:42:00.150-10:00SPX and NDX struggling to get out of or through th...SPX and NDX struggling to get out of or through the Cloud, tried 11 times already on the 4hrly Ichi Moku, (24 hr chart). INDU is well above but has little support. Not clear where we are going, sit and watch I guess but favour down when this surge exhausts.UKDNYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-84091403415757328492012-04-18T22:28:56.307-10:002012-04-18T22:28:56.307-10:00When I get a migraine, this is what I see.... :OWhen I get a migraine, this is what I see.... :OUKDNYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-61244303100402702462012-04-18T22:25:34.370-10:002012-04-18T22:25:34.370-10:00but what does it show DRG? What conclusionms are y...but what does it show DRG? What conclusionms are you drawing from it...? be nice to know. kind regardsUKDNYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-31144409263941568542012-04-18T22:24:18.326-10:002012-04-18T22:24:18.326-10:00My Fund manager keeps telling me "we are show...My Fund manager keeps telling me "we are showing excellent negative growth" so it isn't all doom and gloom. ;) Is it? :(UKDNYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-77447370201954103462012-04-18T22:12:09.630-10:002012-04-18T22:12:09.630-10:00INDU dropped to 13016 overnight and is now 13088. ...INDU dropped to 13016 overnight and is now 13088. The strong reversal with Stoch Mom Ind turning up when barely below 50% could be a bull move? or a bear hook? Two strong S/R lines are at 13200 ( < 1% away) and 13030 which goes back to 20th feb. FTSE gapped up and is heading for 5805-5825 region where it would look a really nice wave. This would imply a 1% rise which would make INDU reach 13200 easily. kind regards UKDNYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-89914258590837805952012-04-18T21:13:52.914-10:002012-04-18T21:13:52.914-10:00Check out the big brass ones on Europe.Check out the big brass ones on Europe.CalDnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-67096612291367059622012-04-18T21:12:22.705-10:002012-04-18T21:12:22.705-10:00 ups... ups...Yogi69noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-27161958136193342252012-04-18T21:10:51.857-10:002012-04-18T21:10:51.857-10:00Oh, I'm talking about DX -- dollar futures con...Oh, I'm talking about DX -- dollar futures contract. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-18234694742207249342012-04-18T20:36:23.329-10:002012-04-18T20:36:23.329-10:00yep, I checked, and it is SPX (I don't have E...yep, I checked, and it is SPX (I don't have ES charts, and they do differ as you say.. Looking closely it looks like my 24hr spreadbet chart (I also use Forepros, ProReal and SharpCharts) so yes it will be slightly different because of the extra time periods. I'm wondering whether to alter the parameters to allow for that, problem is, by how much and still be valid... work in progress. kind regardsUKDNYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-52108498099088452212012-04-18T20:31:02.917-10:002012-04-18T20:31:02.917-10:00yup, gotcha: same gutwrenching feeling. BTW most p...yup, gotcha: same gutwrenching feeling. BTW most people who jump out without a parachute don't get to write about it. Not because jumping out of an aeroplane without a parachute will kill you, it won't. Its hitting the ground, that kills you! :) UKDNYnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-81760122589512930012012-04-18T20:30:38.728-10:002012-04-18T20:30:38.728-10:00 The DAX (we call him "Dachs", or in eng... The DAX (we call him "Dachs", or in engl. badger) is a nasty animal, I can tell you ;-)Yogi69noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-1973799841179245532012-04-18T19:16:32.555-10:002012-04-18T19:16:32.555-10:00Ambush predators are moody like that.Ambush predators are moody like that.CalDnoreply@blogger.com