tag:blogger.com,1999:blog-947237681666122369.post6959532752269618997..comments2024-03-25T08:04:19.119-10:00Comments on Pretzel Logic's Market Charts and Analysis: SPX Update: Was That It?PretzelLogichttp://www.blogger.com/profile/11613859771824863784noreply@blogger.comBlogger305125tag:blogger.com,1999:blog-947237681666122369.post-59857878262900690332012-03-02T02:24:23.850-10:002012-03-02T02:24:23.850-10:00Update's posted -- let's continue discussi...Update's posted -- let's continue discussion on that thread. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-58928709878986399122012-03-02T02:04:01.124-10:002012-03-02T02:04:01.124-10:00I got out too soon, eur/$$ continues its fallI got out too soon, eur/$$ continues its fallkatzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-5753589187807891302012-03-01T23:38:02.738-10:002012-03-01T23:38:02.738-10:00PL, just sent you an email to old address, deleted...PL, just sent you an email to old address, deleted new one by mistake.katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-2287909095748432122012-03-01T23:28:57.258-10:002012-03-01T23:28:57.258-10:00look at 120 es chart, lower lowslook at 120 es chart, lower lowskatzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-86528068937305173182012-03-01T23:04:25.350-10:002012-03-01T23:04:25.350-10:00out es at 72out es at 72katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-21568360027543499192012-03-01T22:56:05.268-10:002012-03-01T22:56:05.268-10:00Since they stopped creating new TVIX shares, my co...Since they stopped creating new TVIX shares, my conversion from VXX to TVIX is not as close as before. On the down side, TVIX doesn't drop as much as before relative to VXX, so I have to assume that on the up sdie, TVIX won't gain as much as before either. By low 20s, I mean 20-21, just to be conservative. And we need a sizeable drop in ES / SPX (20-30 points) to see these numbers, I think.t_winnnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-60289860688490789272012-03-01T22:51:44.033-10:002012-03-01T22:51:44.033-10:00Thank *you*! :)Thank *you*! :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-71545004509977558792012-03-01T22:34:05.127-10:002012-03-01T22:34:05.127-10:00Probably two reasons, (a) because there aren't...Probably two reasons, (a) because there aren't bots devoted to pushing the PM levels up, and (b) because PMs are seen as risky and volatile, while stocks are seen as neither risky nor volatile. Zero Hedge makes the latter point in his article from a couple days ago. Read the last two paragraphs: http://www.zerohedge.com/news/israel-keep-us-dark-launching-pre-emptive-iran-attack ... "the market has now entered the mania phase".Dust Devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-19141262099929964772012-03-01T21:11:34.742-10:002012-03-01T21:11:34.742-10:00Wow PL, Thanks. You are so efficient. I see you ha...Wow PL, Thanks. You are so efficient. I see you have the amazon.ca on already. Now I will definitely do all my shopping on amazon through you. Big buying spree coming up..Curiousmind3861noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-37692149371997215602012-03-01T20:04:12.421-10:002012-03-01T20:04:12.421-10:00Thanks for providing your TVIX target of low 20s. ...Thanks for providing your TVIX target of low 20s. Definitely, TVIX strategy is hard and interesting. I got some TVIX yesterday and got out today for a scratch. When to get back in again? - good question.Dust Devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-72402880780581247212012-03-01T19:48:38.913-10:002012-03-01T19:48:38.913-10:00Thanks for bringing this to my attention. If you&...Thanks for bringing this to my attention. If you're in Canada, you have to use the Amazon canada link instead of the main link. I just put one up on the left sidebar. US users should use the first link, orange and white "Free Super Saver Shipping" and Canadian users should use the 2nd link (black and white, Amazon.ca). <br /><br />Many thanks! Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-30587914768033057692012-03-01T19:46:43.061-10:002012-03-01T19:46:43.061-10:00When we get to the big red (C) in PL's big pic...When we get to the big red (C) in PL's big picture chart with SPX about 1450, I think VXX may drop down to 20, and TVIX may be around 13-14. But I do hope that we'll get a pullback to at least the 1340-ish level before heading to 1450. If we get this pullback over the next couple of days, I have VXX target at 29 and TVIX in the low 20s again.<br /><br />However, everyday we keep hearing that ES will push a little big higher before going down (been this way since ES 1315), and it makes me really wonder if we'll ever have a decent 30-40 point pullback at all...<br /><br />It would be dangerous to hold VXX/TVIX longer than a day or two for now, until the big red (C) top is confirmed. I bought a little bit of TVIX at the low 16s today with a 50-cent stop loss. If ES drops a few points tomorrow, hopefully I can exit with some gain; Otherwise 50-cent stop loss is not too bad!t_winnnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-25075315268176686752012-03-01T19:34:47.012-10:002012-03-01T19:34:47.012-10:00I don't know how that works. I'll see if ...I don't know how that works. I'll see if I can put up an Amazon.ca link tonight...<br /><br />And thank you. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-76571654749614082422012-03-01T19:24:19.369-10:002012-03-01T19:24:19.369-10:00His explanations for the gold decline was interest...His explanations for the gold decline was interesting. And, apparently, Dennis Gartman who has been holding a lot GLD started to dump some after the speculation of no QE3 from Bernanke. But from a EW perspective, both Gold and Silver are in a Wave2 pullback (see PL's article a few days ago with Gold and Silver charts) so a pullback was due anyway. This Wave2 appears to be an a-b-c move, and we still have the c-wave down to complete the pullback, so I'm expecting them to drop a bit more.<br /><br />What I couldn't understand is that even though both stocks and Gold/Silver thrive on QEs, stocks keep going up while Gold/Silver drop significantly on the same news!t_winnnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-40627949573257171342012-03-01T19:20:47.811-10:002012-03-01T19:20:47.811-10:00I rely mainly on price patterns, trendlines, Fib. ...I rely mainly on price patterns, trendlines, Fib. retracements, stochastics (14,3,3), and RSI (Period 19, avg 2). I use stochastics and RSI mainly on daily charts.Authentic1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-63587891625572887932012-03-01T18:30:04.391-10:002012-03-01T18:30:04.391-10:00deep 'IN' the money Rockr?deep 'IN' the money Rockr?sandyone44noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-25183799350711377582012-03-01T18:13:43.837-10:002012-03-01T18:13:43.837-10:00Looking awfully likely that we'll print anothe...Looking awfully likely that we'll print another new high during tomorrow's session, which would mean a break through 1,380. <br /><br />If that happens, the question then becomes do we see another quick waterfall move to the low 1,370's shortly afterward? Or do longs press well into the mid-80's before bringing everything back down again? <br /><br />There is no question in my mind that even if we see above 1,380 tomorrow, we will still see plenty of trading back in the 1,370's or lower next week. <br /><br />Every new high is always followed by a fast and violent shakeout move that clears out all stops sitting below it.<br /><br />If we cross 1,380 in the early morning we'll have a maxed out fifteen minute chart on an eleven-plus point move up from 1,369. And on a move that will less than three cash market trading hours.<br /><br />At which point that would be a lot shorter both in length and duration than the typical fifteen minute chart intervals we have been seeing through this run. So it would beg the question: how much more upside from there?<br /><br />What would be most reassuring to me is a meandering session like todays that makes an HOD run to close out the session. Everything would then be perfectly primed for a big move back down starting next week.<br /><br /> brianhutnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-51147490889806946432012-03-01T18:02:47.627-10:002012-03-01T18:02:47.627-10:00I own deep in the money VIX call options out to Ju...I own deep in the money VIX call options out to July<br />Looking to add some TVIXRockRhttp://profile.yahoo.com/_SJ7XMQ7LYOTRCGGZOG222ITZIMnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-86905650781160194262012-03-01T17:52:01.090-10:002012-03-01T17:52:01.090-10:00thanks, and do you have specific oscilators/moment...thanks, and do you have specific oscilators/momentum indicators? im trying to find a good Slow Stoch ( ex. 15,3,3) setting. i like MACD and RSI. Does anyone use the CCI? sandyone44noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-52218367236041424602012-03-01T17:47:33.781-10:002012-03-01T17:47:33.781-10:00Although I have been trading on and off for a very...Although I have been trading on and off for a very long time, I am new to futures trading (this is my first week). I have used TradeStation as my platform for over 10 years, so that is what I am using for futures.Authentic1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-22240746454166020372012-03-01T17:23:18.992-10:002012-03-01T17:23:18.992-10:00nice. i know you guys discussed the after hour pla...nice. i know you guys discussed the after hour platforms. do you have one you like Authentic1? i need to get involved.. thnxsandyone44noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-92114381517132357092012-03-01T17:20:43.806-10:002012-03-01T17:20:43.806-10:00Out of ES short at 75... +1.75Out of ES short at 75... +1.75Authentic1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-2408286154520994562012-03-01T17:00:06.601-10:002012-03-01T17:00:06.601-10:00***Also,*** it explains the gold decline.. please...***Also,*** it explains the gold decline.. please watch if you chart gold and give feed back.. thanks in advace!sandyone44noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-75187893568643032142012-03-01T16:59:10.210-10:002012-03-01T16:59:10.210-10:00PL, my last post was gone, don't know why. But...PL, my last post was gone, don't know why. But I wanted to ask you about the powered by Amazon. I went to Amazon.com through clicking at the books you recommend on the right, then I clicked powered by Amazon to go to their homepage. Since I live in Canada, I need to go to the amazon.ca webpage for free shipping, when I order from amazon.ca, do you still get something from Amazon?? I wish you do...Curiousmind3861noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-29774069454966109662012-03-01T16:41:39.779-10:002012-03-01T16:41:39.779-10:00***A MUST SEE***
if your interested in that &#...***A MUST SEE*** <br /><br /> if your interested in that 'MISS CLICK' Fat finger trade yesterday i mentioned! Jeff Killburg explains it. He's a 15 yr trader on CME floor.. check it out.. My point also is, i feel we are EXTREMELY primed/vulnerable and ready for a flash crash of a very sizeable proportion after this trade example. (does the 2012 trend look at all computer influenced?. that channel is soo clean!. Are the algorithms ready for a chance to show what they can do? , like a younger brother that just got a new BB gun and a carton of BB's. (for those who dont have one, that is very READY!!!)<br /><br /> i just dont have a clue when. thats why im on PL's awesome Blog site.. thanks PL.. comments appreciated if you have any.. ps.. video is 4 minutes.<br /><br />I hold a small position overnight long TVIX for the 'what if' and also trade XIV/TVIX during day. long VIX futures options. (also have 401k with other stuff)<br /> Anyone care to share any volatility trades/ideas with me i would appreciate it very much. i feel its time for a tester $VIX spike, again (i dont know how or when or why).<br /><br />Killer breaks down the mini flash crash close, enjoy the after hours video :) <br /><br /><br />http://www.youtube.com/watch?v=GT5ZvlLGlII&feature=plcp&context=C3a149d3UDOEgsToPDskI34taj0Z9dAhnClITeAwyOsandyone44noreply@blogger.com