tag:blogger.com,1999:blog-947237681666122369.post8594181222544196729..comments2024-03-18T14:37:21.899-10:00Comments on Pretzel Logic's Market Charts and Analysis: SPX and NDX Update: More Selling Still to Come?PretzelLogichttp://www.blogger.com/profile/11613859771824863784noreply@blogger.comBlogger216125tag:blogger.com,1999:blog-947237681666122369.post-74275233798052108222011-12-15T03:13:20.378-10:002011-12-15T03:13:20.378-10:00And how weren't these 5 people's crayons t...And how weren't these 5 people's crayons today! Sheesh, hit the targets perfectly, surely that was SOMEone's crayons. :D<br /><br />10 "good post" and 5 "hey! THESE aren't my crayons!" on a perfect day. Tough crowd. :PPretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-66435100911025886282011-12-15T03:11:15.660-10:002011-12-15T03:11:15.660-10:00Okay, update's posted, so let's continue d...Okay, update's posted, so let's continue discussion on that thread.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-9663304764401593392011-12-15T02:12:27.906-10:002011-12-15T02:12:27.906-10:00Yep, I see the potential for parallels to its move...Yep, I see the potential for parallels to its move in 2008, March-Oct. Thanks for the quick response.RolfTnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-22371653167913940082011-12-15T02:07:05.328-10:002011-12-15T02:07:05.328-10:00Although, it could get there pretty fast. Within ...Although, it could get there pretty fast. Within a month or two even.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-28106269085096856472011-12-15T02:06:09.679-10:002011-12-15T02:06:09.679-10:00Ty, Rolf.
I'd love to update gold if I had ti...Ty, Rolf.<br /><br />I'd love to update gold if I had time. After a quick glance, I'd say 1200 as an IT target.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-38388513820303625892011-12-15T02:01:19.622-10:002011-12-15T02:01:19.622-10:00Some great calls again, PL. Re your silver comment...Some great calls again, PL. Re your silver comments below, what chance of you taking a look at the gold bigger picture?RolfTnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-31629091931179809912011-12-15T01:48:03.704-10:002011-12-15T01:48:03.704-10:00First off, welcome!
And second, thanks! Your sup...First off, welcome!<br /><br />And second, thanks! Your support is appreciated. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-68480882980020437032011-12-15T01:39:48.274-10:002011-12-15T01:39:48.274-10:00PL,
I've been lurcking for quite a while. I&...PL,<br /><br />I've been lurcking for quite a while. I'm really impressed with your analysis and can't believe you share it for free. My day job makes it hard for me to follow so I tend to have to use limit orders a lot. I've been whipsawed a lot but a set a limit at 1199 to cover my March ES based on your target and nailed it. Keep the target zones coming.<br /><br />PS I left a little something in your stocking.Permabearnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-15552884733801190282011-12-15T01:34:10.019-10:002011-12-15T01:34:10.019-10:00This is really frustrating. This is the second ti...This is really frustrating. This is the second time Stockcharts has randomly deleted one of my annotated charts. This time, the NDX chart from this article above. Now I have to redraw the whole thing from scratch. Most annoying.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-79048150547139280802011-12-15T00:07:14.052-10:002011-12-15T00:07:14.052-10:00 :) :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-69170744513539887032011-12-14T23:45:55.300-10:002011-12-14T23:45:55.300-10:00PL, Yep, you nailed it again at 1205. Friggin amaz...PL, Yep, you nailed it again at 1205. Friggin amazing.wwtradernoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-75686496195516601282011-12-14T23:22:28.330-10:002011-12-14T23:22:28.330-10:00That sounds great Pretzel... whenever you can find...That sounds great Pretzel... whenever you can find some time. Just so there's no confusion though, I'm not referring to my history of commenting on SA which is probably where Google would take you. The new one is located here: http://albertarocks-ta-discussions.blogspot.com/Albertarocksnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-38206119475017094972011-12-14T23:14:41.932-10:002011-12-14T23:14:41.932-10:00Thanks RFT, and welcome.
Well, that fellow nail...Thanks RFT, and welcome. <br /><br />Well, that fellow nailed the reversal date to the upside on the 28th... but as far as 12/21... hmm. Market would have to crash fast and furious more or less immediately for that to come to fruition. I would expect the crash, when it finally hits, to take longer than a week, as well...Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-10484445571231208822011-12-14T22:51:27.711-10:002011-12-14T22:51:27.711-10:00Been looking at the path that Gold took from March...Been looking at the path that Gold took from March-Oct 2008. A similar scale correction wouldn't seem unreasonable this time, if global growth risks escalate, and deflation fears come to the forefront temporarily. Under that scenario, we'd currently be somewhere around the early-August 2008 point, when the 200DMA was pierced.RolfTnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-27660625836751464962011-12-14T22:51:04.590-10:002011-12-14T22:51:04.590-10:00Thanks, Dan. I appreciate that! I'll be sure...Thanks, Dan. I appreciate that! I'll be sure and check out your site later when I get some time. Sounds like you're off to a great start! :)PretzelLogicnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-26448166411934622442011-12-14T22:46:52.191-10:002011-12-14T22:46:52.191-10:00Hmm... futures tagged the 1200-1205 target zone I ...Hmm... futures tagged the 1200-1205 target zone I mentioned earlier and have been rallying since. <br /><br />As far as everyone asking "what next" that's what I've been working on. ;)PretzelLogicnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-59202249643850538782011-12-14T22:42:41.284-10:002011-12-14T22:42:41.284-10:00Hi Pretzel. I've been dropping in here more ...Hi Pretzel. I've been dropping in here more and more as time permits because quite frankly your work is just awesome. I've only had time to leave one comment here so far, but in that comment I'd mentioned that I was spreading the word about your site. <br /><br />Little did I realize at the time (about two weeks ago) that I was going to be pretty much forced to create my own blog site if I wanted to get away from the god danged trolls. So I've done just that, am learning how to put a nice blog together, and I'm happy to report that I've entered you right at the top of my bright and shiny new blogroll. And I'm darned well proud to do that too because your work is just outstanding. <br /><br />I've written a few articles recently that have just had just stunning success but I've never yet written one for my own site. I say "stunning" because I never even knew I had any writing talents. I just started writing about my own technical work less than a year ago because people kept urging me to do it. All of a sudden, GEI is a big promoter of my efforts so as I gradually get traffic directed from there to my own site, some of those readers will get deflected over here. I couldn't ask for a better site to promote than yours. Keep up the awesome work.<br />DanAlbertarocksnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-31771386137205885352011-12-14T22:24:34.477-10:002011-12-14T22:24:34.477-10:00New Kyle Bass interview:
http://www.zerohedge.com...New Kyle Bass interview:<br /><br />http://www.zerohedge.com/news/kyle-bass-rehypothecation-and-other-keynesian-endgame-scenariosPretzelLogicnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-20657066943965176122011-12-14T22:13:58.977-10:002011-12-14T22:13:58.977-10:00Just scanning through my chartbook here, and reali...Just scanning through my chartbook here, and realized Silver just brokedown through a support trendline that goes back to 2009. Very bearish development for the PM's.PretzelLogicnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-48641427902759781602011-12-14T20:49:16.216-10:002011-12-14T20:49:16.216-10:00PL; Amazing technical work; Amazing blog, Thanks’ ...PL; Amazing technical work; Amazing blog, Thanks’ for sharing<br />your knowledge and insights. I am learning soooo much from you and your<br />impressive group of regulars, Thanks to everybody for making it fun and<br />instructive. It really helps me navigate trough this tough market. My question<br />to you is; you posted a chart mid November which you seem to be impressed by the work even tough it is not a<br />EW chart and this technician nailed the 11/28 bullish count and seem to<br />forecast a 12/21 very bearish count’ Are you seeing this upcoming possibility<br />also trough your charts? RFTnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-498231045181192222011-12-14T20:39:47.756-10:002011-12-14T20:39:47.756-10:009:30 GMT9:30 GMTColoradonoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-22407048543948175432011-12-14T20:00:10.320-10:002011-12-14T20:00:10.320-10:00Does anyone know when the Spanish Bond auction is ...Does anyone know when the Spanish Bond auction is due? I know its tomorrow, but is it early or late?Expatnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-41681010748626745742011-12-14T19:58:04.755-10:002011-12-14T19:58:04.755-10:00PL,
I'll piggyback on Blah's question, bu...PL,<br /><br />I'll piggyback on Blah's question, but I'll be blunt. I'm holding Jan puts. Not seeking trading advice, but am wondering what your take is on the bounce after 1200-1205. We talking 1265, back up to test the 1290-1300 range or are you talking about 1235? As I am sure you can anticipate my next questions.....after the bounce are talking about a waterfall decline or something less dramatic?......and, of course timeframe.<br /><br />I am sure your update will answer all my questions and anything you can't answer......would you do me a favor and ask the cat! Hope you got some rest and thanks for all your work!!!Expatnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-41127768099219699822011-12-14T19:43:08.993-10:002011-12-14T19:43:08.993-10:00and now the chart appears...and now the chart appears...TJNnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-40548037484094243342011-12-14T19:42:32.490-10:002011-12-14T19:42:32.490-10:00can't seem to post the chart. but in a nutshe...can't seem to post the chart. but in a nutshell, Aluminium prices and Oil prices have traded in roughly the same manner until Oct when they started to diverge. Oil has a lot more downside to catch up, but then again, imho, oil is much more difficult to trade compared to other commodities given the ME factor.<br /><br />another interesting post for those who are keen on VIX:<br />http://vixandmore.blogspot.com/2011/12/december-is-cruelest-monthfor-vix.htmlTJNnoreply@blogger.com