Pretzelcharts - pretzelcharts.com - Pretzel Logic's Market Charts and Analysis
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Bulls in Trouble 27 Aug 2013 | 06:16 pm
Well, given the shape of the rally and yesterday's subsequent downside price overlap of some key levels, I think it's fairly safe to say the bears still have control of the market. And that they're l...
Bulls Haven't Accomplished Anything Yet -- Here Are the Levels They Need to Reclaim 26 Aug 2013 | 06:24 pm
Short on words today, so I'm going to let the charts do the talking, with a focus on the near-term. Right now, I'm not sold on this being anything other than a retracement rally in a down trend. In ...
Nasdaq's WOPR Computer Breaks Down 23 Aug 2013 | 06:22 pm
Yesterday made for an interesting session, as the WOPR Supercomputer which controls the Nasdaq stopped working for about three hours. When traders tried to enter or exit Nasdaq positions, they repeat...
Inflection Point 22 Aug 2013 | 05:42 pm
Today, we're going to take a quick look at some long term charts. The first is the Dow Jones Industrial Average Ordinary Mediocre (INDU-OM). If INDU doesn't find support soon, it will leave a very b...
Apple Reaches July's Target Zone; Dow Hints at Intermediate Trend Change 20 Aug 2013 | 06:26 pm
There's a surprising amount of complacency in the market at the moment. Recent sentiment polls indicate that most people feel this is just a run of the mill correction and aren't the least bit worrie...
Understanding the Market's Conflicting Signals 16 Aug 2013 | 06:00 pm
In the last couple updates, I've waffled a bit on whether there will be another wave up or not -- my apologies if I've confused anyone. The simple fact is, there are conflicting signals across market...
Almost Everything Is Lined Up for the Bears 15 Aug 2013 | 06:19 pm
For the past couple weeks, I've done my best to avoid trying to prognosticate the near-term as long as the market remained range-bound. As of this morning, it appears the market is ready to break dow...
SPX and Apple Update: Icahn Joins Us on the Apple, Inc. Long Play 14 Aug 2013 | 06:21 pm
Lately, charting the S&P 500 (SPX) has been about as enthralling as reading a washing machine instruction manual. It's continued to trade inside a seemingly endless, whippy range, leaving us free to ...
Market to Bulls: "Pay Me Now, or Pay Me Later" 13 Aug 2013 | 06:16 pm
The market has continued to trade within the noise zone, and the question remains whether all of wave v is in or not. For a bit of perspective and clarity, I'll break down my view on what each time f...
No Title for You! One Year! 12 Aug 2013 | 06:20 pm
I spent a lot of time studying charts this weekend, but ultimately there's really very little to add from last update, since the market remained within the noise zone on Friday. So I've created a cha...
