tag:blogger.com,1999:blog-947237681666122369.post8267476023659995717..comments2024-03-18T14:37:21.899-10:00Comments on Pretzel Logic's Market Charts and Analysis: SPX, VIX, Nasdaq, Chevron: Yesterday's Targets Hit, but Bulls are Probably in for More PainPretzelLogichttp://www.blogger.com/profile/11613859771824863784noreply@blogger.comBlogger450125tag:blogger.com,1999:blog-947237681666122369.post-40425099766308732482012-05-10T16:20:12.047-10:002012-05-10T16:20:12.047-10:00Very cool stuff, was thinking of closing my CVX sh...Very cool stuff, was thinking of closing my CVX short, but decided against that based on the market action late day. I think the Friday washout is a good scenario, times well with shorts not carrying over the weekend, so looks like end of May options contract before a bounce takes hold and carries us up to the mid june highs..... That seems to work - Monday action will tell that tale. I appreciate the response. Also what do you make of this upcoming new to full trade cycle on the lunar basis?DirtnRockGuy62noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-18453590600504866412012-05-10T16:15:52.755-10:002012-05-10T16:15:52.755-10:00ThanksThanksDirtnRockGuy62noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-29174422036882763792012-05-10T07:51:14.316-10:002012-05-10T07:51:14.316-10:00Tried spy today. Made 1700 on the trade and paid 4...Tried spy today. Made 1700 on the trade and paid 400 of it to the broker...ouch. Too many options...drives commissions. Mind if I ask a few questions? What's the average bid-ask on ES futures? Do trades get executed inside the bid ask? And what kind of commissions do you pay? I have played a lot of options in my time, but never a future.ShelSilversteinnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-30421372679222283812012-05-10T02:53:13.023-10:002012-05-10T02:53:13.023-10:00Okay, update's posted, let's continue read...Okay, update's posted, let's continue reading tea leaves over there. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-89719399879176943532012-05-10T02:47:44.865-10:002012-05-10T02:47:44.865-10:00I have a strong gut that EW calls will shine today...I have a strong gut that EW calls will shine today....you will choose wisely :$Nostradumassnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-57539047678778635722012-05-10T02:46:37.418-10:002012-05-10T02:46:37.418-10:00Yea, looking for de dead gato bounceYea, looking for de dead gato bounceGGekkonoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-36181466511590149772012-05-10T02:39:01.892-10:002012-05-10T02:39:01.892-10:00Chairsatan got a 75% approval rating...for some re...Chairsatan got a 75% approval rating...for some reason, I'm thinking they polled four people LLoyd, Jamie, Barack, and Timmay (but Timmay was taking a nap).Nostradumassnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-23528215878763551682012-05-10T02:34:38.968-10:002012-05-10T02:34:38.968-10:00I forgot that nobody under 30 would be able to rea...I forgot that nobody under 30 would be able to read it...they stopped teaching handwriting awhile ago.Nostradumassnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-84912824334462817472012-05-10T02:32:25.827-10:002012-05-10T02:32:25.827-10:00added 1 at 61added 1 at 61katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-42419756842869585182012-05-10T02:31:55.720-10:002012-05-10T02:31:55.720-10:00fake statistics out - numbers hit...made up.fake statistics out - numbers hit...made up.Yogi69noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-26083528382231556742012-05-10T02:28:55.180-10:002012-05-10T02:28:55.180-10:00One borrows cars from a futures broker for the day...One borrows cars from a futures broker for the day an number of cars is based on account size, the relationship is a ten to one, in other words a 5,000$ account can control 10 contracts (10 times 500$ per contract) per day. But it is a good idea to trade only 1 or 2, or under certain circumstances up to 5, never expose yourself to the max. If one's account is small then one has to close all trading by 4:15 and can start trading anew at 4:30. A one point rise equals 50$.<br /><br />From WIKI ~ According to US government investigations the sale of 75,000 E-mini contracts by a single trader was the trigger to cause the 2010 Flash Crash.same day.katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-8620749412856175832012-05-10T02:26:52.915-10:002012-05-10T02:26:52.915-10:00For the Fed, they started a new QE program after t...For the Fed, they started a new QE program after the market has fallen.Ray_1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-19484179864130213922012-05-10T02:15:24.043-10:002012-05-10T02:15:24.043-10:00Senor katzo, I've never traded futures and don...Senor katzo, I've never traded futures and don't intend to at this point but am wondering how much does a 'car' (contract) cost? I'm guessing it varies on the level of ES at the time. I've heard you/others say that a one point move = $50. Any brief summary of how that works would be appreciated. JuiceBoxBoyhttp://pulse.yahoo.com/_F5FXAMHTHF7P6BQLEONWSWQE3Qnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-65491266776822530532012-05-10T02:14:43.099-10:002012-05-10T02:14:43.099-10:00Hi Ray,
I do not follow QE stuff, do they institut...Hi Ray,<br />I do not follow QE stuff, do they institute this after the mrkt has fallen or if it is about to fall?katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-22177003212421626942012-05-10T02:12:46.887-10:002012-05-10T02:12:46.887-10:00Bank of England hits the pause botton on QE due to...Bank of England hits the pause botton on QE due to inflation concerns.....<br /><br />http://www.marketwatch.com/story/bank-of-england-hits-pause-button-on-qe-2012-05-10?siteid=bigcharts&dist=bigcharts<br /><br />I think the same reason that keeps the beard with QE T-shirt away.Ray_1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-23404278258330689712012-05-10T02:07:07.854-10:002012-05-10T02:07:07.854-10:00 Marc Faber on Bloomy now Marc Faber on Bloomy nowkatzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-6594490880138553102012-05-10T01:59:03.719-10:002012-05-10T01:59:03.719-10:00short 59short 59katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-71945060871343399622012-05-10T01:58:10.960-10:002012-05-10T01:58:10.960-10:00outoutkatzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-2396095230486343682012-05-10T01:56:11.457-10:002012-05-10T01:56:11.457-10:00Careful here, IMO.Careful here, IMO.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-84969431539723426122012-05-10T01:54:36.717-10:002012-05-10T01:54:36.717-10:00 this is a VST short, only lookin for 55-6 this is a VST short, only lookin for 55-6katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-50831213434439772012012-05-10T01:52:27.130-10:002012-05-10T01:52:27.130-10:00dito short ESdito short ESYogi69noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-1198373523545956242012-05-10T01:50:19.340-10:002012-05-10T01:50:19.340-10:00short 57.5short 57.5katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-22986645119644995722012-05-10T01:49:26.592-10:002012-05-10T01:49:26.592-10:00Yeah, this is a good looking move. When I can jus...Yeah, this is a good looking move. When I can just glance at a chart and then short/cover a 10 minute scalp at almost the precise high and low without even checking a single indicator, it's a clean wave.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-69960132265845634012012-05-10T01:42:26.843-10:002012-05-10T01:42:26.843-10:00I had some pretty perfect EW structure from 6:00 p...I had some pretty perfect EW structure from 6:00 pm on on Globex, very precise moves, full waves, up and down PLkatzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-72805374779127849072012-05-10T01:40:12.784-10:002012-05-10T01:40:12.784-10:00I know, I am watchin for that, thnx for confirmI know, I am watchin for that, thnx for confirmkatzo7noreply@blogger.com