tag:blogger.com,1999:blog-947237681666122369.post8727224423169466990..comments2024-03-18T14:37:21.899-10:00Comments on Pretzel Logic's Market Charts and Analysis: SPX, BKX, and Dow Updates: Market Potentially at a Major PivotPretzelLogichttp://www.blogger.com/profile/11613859771824863784noreply@blogger.comBlogger421125tag:blogger.com,1999:blog-947237681666122369.post-26673306045025320072012-03-13T03:43:10.727-10:002012-03-13T03:43:10.727-10:00would you look at vix. multi year low. if market c...would you look at vix. multi year low. if market closes over 1380, 1425 is in the cards. riding it upbillabusternoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-36034471679471672802012-03-11T17:38:25.356-10:002012-03-11T17:38:25.356-10:00Katzo,
I would like to request, if you have time ...Katzo,<br /><br />I would like to request, if you have time and are so inclined, if you could take a peek at the AMZN and NFLX charts and lay out the basic wave count. I have both as being in ABC wave sets with the C wave to the upside. Rockytop was asking about this earlier and I gave him my two cents. BTW I have NFLX as a cup and handle trade with upside to 130. Thanks in advance either way for taking the time.DirtnRockGuy62noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-83122682857638937092012-03-11T17:33:54.108-10:002012-03-11T17:33:54.108-10:00Generally speaking, yes. You do know the update&#...Generally speaking, yes. You do know the update's posted, right? :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-41903739057119634042012-03-11T17:33:43.606-10:002012-03-11T17:33:43.606-10:00Got AMZN as a c wave to the upside. In thinking a...Got AMZN as a c wave to the upside. In thinking about this - I believe we should ask Katzo7 what he thinks. Will post the question.DirtnRockGuy62noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-3583534059662669152012-03-11T17:31:54.748-10:002012-03-11T17:31:54.748-10:00 What's good for the dollar is bad for the SPX... What's good for the dollar is bad for the SPX, right?CalDnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-56574358377264409272012-03-11T17:28:47.775-10:002012-03-11T17:28:47.775-10:00Yeees. That is correct, sir. (use Ed McMahon voic...Yeees. That is correct, sir. (use Ed McMahon voice)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-86022621053521159252012-03-11T17:28:08.036-10:002012-03-11T17:28:08.036-10:00Sounds a lot like "Mark to Model" accoun...Sounds a lot like "Mark to Model" accounting to me..... reference to changes made to prevent US banks from going bust in 2008... I am going to dig up a televiewer log and stick it on here to illustrate DSP for non-musicians......... That is where we geologists take acoustical signal returns and produce digital images....... LOLDirtnRockGuy62noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-89313274043338829012012-03-11T17:24:21.305-10:002012-03-11T17:24:21.305-10:00Want to see another cup and handle? It is shown ...Want to see another cup and handle? It is shown right here on this webpage as PL's dollar chart..... LOLDirtnRockGuy62noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-27618745702439824722012-03-11T17:20:18.302-10:002012-03-11T17:20:18.302-10:00Rocky,
I suck at wave counts and fib. I have thi...Rocky,<br /><br />I suck at wave counts and fib. I have this as a cup and handle pattern with an island bottom. The retrace from 133.43 to 102.53 giving a decline from the recent high or cup lip to the lower end of the handle at 102.53 fits the pattern nicely. Cup and Handle patterns do not like to have the handle pullback more than 50 percent from the base low to high value which in this case is 62.37 base low to 133.43 cuplip high. The 102.53 low print on the pullback is a 23.15 percent retracement of the base low to high up move. There is also a cup within a cup in this particular pattern and that fits the criteria as well. O Neil's book "How to Make Money in Stocks" is generally credited with popularizing this pattern. Here is a link to a really good pattern site by Thomas Bulkowski http://thepatternsite.com/cup.html Enjoy and good trading to you.DirtnRockGuy62noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-46708057151593486882012-03-11T17:19:42.843-10:002012-03-11T17:19:42.843-10:00Okay, 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-18575431296537216962012-03-11T17:02:17.670-10:002012-03-11T17:02:17.670-10:00So the market bailed me out again after my latest ...So the market bailed me out again after my latest brain fart in order placing. I exited the remaining short I mistakenly left uncovered at a tick below my original price. Now what do you suppose the odds are of that happening once I start trading real money? I'm going with slim to none.<br /><br />Other than that I've had an incredibly crappy couple of weeks. Where's Furrr? I need to identify the planet responsible, then I would appreciate it very much if someone would bring me its head.CalDnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-64283351674659576402012-03-11T16:51:13.900-10:002012-03-11T16:51:13.900-10:00 Discrete time systems are an abominable caricatur... Discrete time systems are an abominable caricature of nature in theory, but they're really useful in practice. <a href="http://en.wikipedia.org/wiki/Groundhog_Day_%28film%29" rel="nofollow">Groundhog Day</a> might be a better analogy than Star Trek for the kinds of nonsense you have to be willing to tolerate to use them...CalDnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-31285730671779945482012-03-11T16:31:52.406-10:002012-03-11T16:31:52.406-10:00Good piece of gear. :)Good piece of gear. :)jbg1911noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-4934212217662061142012-03-11T15:53:10.237-10:002012-03-11T15:53:10.237-10:00as PL says clearly in the article, the market is i...as PL says clearly in the article, the market is in a strange spot.. i was curious if anyone has on their personal favorite charts of ETF, stock, indexes to see how many charts daily or weekly have some DOJI's to prove the wanderingsandyone44noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-58845581044735508722012-03-11T15:45:04.283-10:002012-03-11T15:45:04.283-10:00That's the possiblity I'm favoring. Almos...That's the possiblity I'm favoring. Almost done with the update.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-61516654995336646872012-03-11T15:43:51.476-10:002012-03-11T15:43:51.476-10:00Katzo, are you then expecting some 50% retrace fro...Katzo, are you then expecting some 50% retrace from Friday's top relative to last Tuesday's lows? I see that as a possibility for Monday morning, and then we will really reach no man's land, IMHO - VIX, US$ and oil to give hints on which way we may go. Maybe sideways until the FOMC statement on Tuesday afternoon.GPittnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-27305032571518926792012-03-11T15:17:31.840-10:002012-03-11T15:17:31.840-10:00It'll be good to see more of ya...an hour is s...It'll be good to see more of ya...an hour is still an hour.jbg1911noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-58794828535835052172012-03-11T14:26:19.748-10:002012-03-11T14:26:19.748-10:00short es 1365short es 1365katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-87779153162110054402012-03-11T14:15:48.289-10:002012-03-11T14:15:48.289-10:00 i meant every word and then some pretzy. you'... i meant every word and then some pretzy. you've helped me a ton to put things in proper perspective. you're the rarest of individuals.. we are all blessed to have found you.bastiat31noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-86290723370836632722012-03-11T14:08:48.892-10:002012-03-11T14:08:48.892-10:00So most of you mainlanders had DST today, which me...So most of you mainlanders had DST today, which means two things:<br /><br />1) I have an hour less time each night to get the updates done<br />2) It's more likely I'll be around to comment near the open everyday (every night, for those of us in HI).Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-37067419067550748172012-03-11T14:06:33.126-10:002012-03-11T14:06:33.126-10:00bastiat, thank you for the *3rd* donation! Very m...bastiat, thank you for the *3rd* donation! Very much appreciated. And the message you sent with it is probably the nicest thing anyone could say to me... and just about the most I could ever hope to accomplish in this world -- thanks. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-64594296882226937102012-03-11T14:00:03.680-10:002012-03-11T14:00:03.680-10:00tvix was a bitch this week. I was holding some on ...tvix was a bitch this week. I was holding some on tuesday when the vix surged and tvix barely blinked up 4% on a 17% vix day. I sold out after that because that type of action is too strange for me. Unfortunately I bought TZA and got my ass chewed on friday for it.RockyTopGunnernoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-21613619832086114672012-03-11T13:57:34.936-10:002012-03-11T13:57:34.936-10:00anybody see a bull flag forming in nflx to complet...anybody see a bull flag forming in nflx to complete an abc to the 38.2 retrace at 155?<br />and I'm loving amzn as a sell here, overhead resistance from the 50ema and a descending triangle.RockyTopGunnernoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-9899680554485137022012-03-11T13:27:08.653-10:002012-03-11T13:27:08.653-10:00It is not hard at all for TVIX to get past 21. A 4...It is not hard at all for TVIX to get past 21. A 40% up day, that is all it takes, possibly a 4-5% down day for spx will do. LOL Then it should be another parabolic rise for TVIX.Curiousmind3861noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-80743501738432638942012-03-11T12:45:23.843-10:002012-03-11T12:45:23.843-10:00Yes, thanks Curious. Possibly on step #5, awaiting...Yes, thanks Curious. Possibly on step #5, awaiting a break of the other high. The mrkt (and TVIX) will tell us.katzo7noreply@blogger.com