tag:blogger.com,1999:blog-947237681666122369.post7151807668462834491..comments2024-03-18T14:37:21.899-10:00Comments on Pretzel Logic's Market Charts and Analysis: SPX and VIX Update: Indications this Rally Won't LastPretzelLogichttp://www.blogger.com/profile/11613859771824863784noreply@blogger.comBlogger174125tag:blogger.com,1999:blog-947237681666122369.post-26876634705505124852011-12-23T04:04:09.334-10:002011-12-23T04:04:09.334-10:00Okay, update's posted. Let's continue dis...Okay, update's posted. Let's continue discussion on that thread. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-17312418981919508582011-12-23T03:52:54.159-10:002011-12-23T03:52:54.159-10:00Hey pretZ, I do web design and development for a l...Hey pretZ, I do web design and development for a living, maybe I can help you out- email me if interested. If not happy holidaysFirstfeaturenoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-12446569869606189322011-12-23T03:30:17.303-10:002011-12-23T03:30:17.303-10:00Looking at the SPY upside-down, does it make sense...Looking at the SPY upside-down, does it make sense to call it a head-and-shoulders? Isn't that something applicable only at the top. It's off the top now.DustCloudnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-38861865832888653762011-12-23T01:48:34.010-10:002011-12-23T01:48:34.010-10:00Pretz,sorry to hear about that.Pretz,sorry to hear about that.Betoq01noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-9059274109485416272011-12-23T00:18:01.649-10:002011-12-23T00:18:01.649-10:00It was this morning actually, during the cash sess...It was this morning actually, during the cash session. I averaged in a few more at ES 1256. Keeping a pretty tight stop on it from here... I've had a good month so far, no need to try to chase every single move.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-24515217167782117142011-12-22T23:54:22.109-10:002011-12-22T23:54:22.109-10:00Pl
Thanks for that, have you closed out your SPX ...Pl<br /><br />Thanks for that, have you closed out your SPX short from last night, or are you still in with a stop at you red break line at 1267?Delboynoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-55364648205588778612011-12-22T23:34:55.351-10:002011-12-22T23:34:55.351-10:00It may be that today the VIX confirms yesterday te...It may be that today the VIX confirms yesterday tentative change in the trend. Banks and Insurances have a funcition called Risk Management that sometimes asks the traders to cover with put or to sell the long. Something the like happened in mid January and in February 2009. Sometimes Risk Management unintentionally contributes to market sell offsPaolohttp://trend-borsa.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-72190899384016688292011-12-22T23:31:23.199-10:002011-12-22T23:31:23.199-10:00I'm leaning more toward trying to set up a rea...I'm leaning more toward trying to set up a real website. I think it's be nice to have an actual site for us to interact on, instead of being stuck with these blog platforms.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-88865557579639134652011-12-22T23:28:32.904-10:002011-12-22T23:28:32.904-10:00Will you move to http://wordpress.org ? I have see...Will you move to http://wordpress.org ? I have seen other people moving therePaolohttp://trend-borsa.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-41427942357248794382011-12-22T23:26:34.914-10:002011-12-22T23:26:34.914-10:00Hi Delboy. Thanks, and welcome. :)
My SPX target...Hi Delboy. Thanks, and welcome. :)<br /><br />My SPX target comes from my long-term Elliott Wave count. A brief overview can be found here:<br /><br />http://pretzelcharts.blogspot.com/p/big-picture-long-term-elliott-wave.htmlPretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-7778987280588583492011-12-22T23:23:20.175-10:002011-12-22T23:23:20.175-10:00PL
Hi, I'am new to your blog (last few week...PL <br /><br />Hi, I'am new to your blog (last few weeks), really enjoy your knowledge and sense of humour! One thing i've noticed about the market since the Oct rally, is that the rallies have been half of the previous one (roughly). Plus you have mentioned the SPX potentially going down to 457ish next year, from Ray's graph if you were to draw a line from x to y, is that where you get that figure from. Keep up your good work.Delboynoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-67137527548873085292011-12-22T23:09:08.480-10:002011-12-22T23:09:08.480-10:00Well, just got official word from Google on the ap...Well, just got official word from Google on the appeal about AdSenseless. Basically, they're going to screw me out of the money they owe me based on... ? Nobody knows. It's a big secret, and they regret to inform me that they can't tell me, because of their proprietary BS. Whatever. I understand they do this to a LOT of people. Glad I could give them free advertising for a month and a half so they could screw me out of paying me. I'm moving platforms as soon as I have time to do so.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-76526610619811266992011-12-22T22:59:18.554-10:002011-12-22T22:59:18.554-10:00Keep in mind that next week is light volume as wel...Keep in mind that next week is light volume as well, so it's possible for the bulls to have their way, if that's what they desire. Your strategy sounds reasonable, but I would keep a tight stop on it. The bull count takes us up toward 1310 without too much trouble. Personally, I would never endure that much drawdown off an entry, but that's just me.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-36512682217425657182011-12-22T22:55:42.651-10:002011-12-22T22:55:42.651-10:00That's one advantage to having been an active ...That's one advantage to having been an active trader for so long. In the past, I've freely shared my work with some of the right people. Lee Adler at The Wall Street Examiner being one key person in my "overnight" success (it's one of those things where your "overnight" success really took about 10 years, lol). <br /><br />So anyway, once I started publishing on a daily basis, it went parabolic pretty quickly. Minyanville and Yahoo! Finance picked me up after only a month.... but again, in a way, that month was about 10 years long. :D Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-72271405840988259612011-12-22T22:10:10.184-10:002011-12-22T22:10:10.184-10:00pretzy, what do you think about getting short this...pretzy, what do you think about getting short this market if we can push up a bit higher to 1261 or so here overnight? to me that would virtually coincide with what you've been saying about a nearby top as it would imply an open well above the 200 dma. i don't see tha holding up during the day session, but we'll probably get some pullback and then a lot of thin volume sideways drift.. then next week we'll see a more aggressive pullback.bastiatnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-72743386555910354462011-12-22T21:53:58.518-10:002011-12-22T21:53:58.518-10:00This question has been answered previously here: ...This question has been answered previously here: Obviously. <br /><br />Is there any way I could devote the constant time, attention, and hours to this blog if I worked a day job? ;)<br /><br />That's why the income this thing generates matters to me -- I'm working three times as hard now as I was just trading. I find I've become quite emotionally involved with all you guys now, but believe me, there are plenty of nights (like tonight) where I'd rather just go to sleep than work on charts/articles/updates/etc. I do miss setting my own hours and trading schedule... But hey, then I'd miss out on the joys of being insulted, attacked, and generally unappreciated by certain members of the "arm chair quarterback" club. And I'm not just talking about Anon20, more about certain personalities who post here and there at Minyanville.<br /><br />Anyway, the majority of you make it emotionally worthwhile, not meaning to sound grumbly. :) Just been really tired this week, so my tolerance for BS is way down.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-38250319117093441032011-12-22T18:56:03.238-10:002011-12-22T18:56:03.238-10:00I'm not saying this is totally predictable, bu...I'm not saying this is totally predictable, but *of course* the night I go out shopping is the night everybody wants to chat, lol.<br /><br />I'll bbl :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-74888000863950897822011-12-22T18:31:07.175-10:002011-12-22T18:31:07.175-10:00meant to say in less than 3 monthsmeant to say in less than 3 monthsblackjaknoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-78607214693581502702011-12-22T18:30:29.233-10:002011-12-22T18:30:29.233-10:00PL, funny to see your 2-3 comments on a post turn ...PL, funny to see your 2-3 comments on a post turn into 150-200 in less than months.blackjaknoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-71710191255770401912011-12-22T18:17:22.805-10:002011-12-22T18:17:22.805-10:00the october monthly spy reversal bar followed by ...the october monthly spy reversal bar followed by inside bars could trigger a massive rally if its high is exceeded: the w bottom<br />of 8/9/11 and 10/4/11 is now followed by a reverse head and shoulders: this projects 1380 -1400 esh2: this scenario would bring in fast uptrending action that would begin the real rally into march 2012alannoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-80673599851610438172011-12-22T18:08:11.728-10:002011-12-22T18:08:11.728-10:00I don't mean disrespect to your question; and ...I don't mean disrespect to your question; and it may be very relavent to many of us considering trading full time. At the same time, this may be a personal question to some people. If PL wants to volunteer this information, sure; but let's not put PL on the spot. He's spending a lot of time sharing a lot of great ideas and has brought many of us together for an even greater sum up experience and thought.Vix Cyclistnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-44676761516063830292011-12-22T17:56:12.909-10:002011-12-22T17:56:12.909-10:00Good to know plenty of "average Joe's&quo...Good to know plenty of "average Joe's" earn their living traders. But then it becomes like any other job you do for living like engineer/doctor. You are still "average Joe". <br />The question was more of , Can "avarage Joe" make millions by learning trading futures and become rich. As you said it probably depends on individual and some individuals have made it. Thanks for your reply.Marketcycle Studentnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-31913610241351226362011-12-22T17:34:28.499-10:002011-12-22T17:34:28.499-10:00PL, you did foreshadow it well, so I got the pictu...PL, you did foreshadow it well, so I got the picture. Thanks.Raynoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-28619839960274075412011-12-22T17:16:50.454-10:002011-12-22T17:16:50.454-10:00it hit around that area and bounced off downward t...it hit around that area and bounced off downward today. But it seems like futures took it out if we do gap up tomorrow.mavrichnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-76695869137971224942011-12-22T17:13:24.785-10:002011-12-22T17:13:24.785-10:00On that line of question Pretzel, it seems that yo...On that line of question Pretzel, it seems that you are trading for a living is that correct?Franknoreply@blogger.com