Yesterday’s count expected further upside, which is what the market provided. At this stage, there’s just not much to add. This remains one of the more challenging structures I’ve had to decipher in some time, but if the expanded …
Tag Archive for Conclusion
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX, COMPQ, and INDU Updates: Possible Reconciliation of Counts Across Markets
by Pretzel Logic • • 0 Comments
I’ve been trying to reconcile the counts across market, and may have found a solution tonight. Each market gives a bit different appearance, and readers know I’ve referred back to RUT several times, which argues that the next low (assuming …
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: Shortest Update Ever
by Pretzel Logic • • 0 Comments
Today’s update is going to be very short and sweet, due to time constraints I ran into with some family issues.
There are two reasonable ways to view the most recent action, as shown on the chart below. The good news for bears is that the rally …
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: A Dangerous Position for Both Sides of the Trade
by Pretzel Logic • • 0 Comments
Yesterday’s action removed some short term options from the table, but has still left the pattern open to interpretation. It appears that I had Friday’s decline labeled properly as an impulse wave, but that doesn’t tell us with certainty whether …
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX, RUT, NYA, NDX Updates: Some Possibilities Still Open, Others Now Closed
by Pretzel Logic • • 0 Comments
The market has done what we’ve expected over the short term and traded down into the SPX target box — but it has yet to answer the bigger questions. Right now, the decline off the high looks like a very nice A-B-C, so unless the bears …
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: That About Sums It Up…
by Pretzel Logic • • 0 Comments
Well, yesterday cleared up the counts quite nicely. The bullish trade trigger at 1374 elected and from there, the market pretty much traded straight up with zero drawdown. That trigger targets 1408.
We now have solid confirmati…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: Slight Shift in View After Thursday’s Action
by Pretzel Logic • • 0 Comments
There is very little to add to the overall picture after yesterday’s action. The market came within 16 cents of adding confidence to the bear count, but did not. The action yesterday now forces me to give a slight edge t…
Bruce Krasting, Contributors- Economic and Financial, Must Read
Bernanke Goes All In
by Bruce Krasting • • 0 Comments
Well, we got an inflation target from the Fed. Basically, thinking at the Fed has been eliminated. The process has been automated. Bernanke has convinced the Fed board to adopt Core PCE as a determinate of monetary policy. So long as CPCE stays below 2…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX and Dow Update: Just the Fax, Ma’am
by Pretzel Logic • • 0 Comments
Alrighty then. Apparently, the hours I’m keeping have become too much for my body these last few days. Many apologies. Here’s the charts I finished last night before falling asleep at my computer for the 3rd night in a row. …
Bears Chat, Best of the Forums
Bernanke: "U.S. bank exposure to ChocoZone is…
by Bears Chat at The Wall Street Examiner • • 0 Comments
Ya gotta give Bernanke credit for being THE most consistent clueless (or lying) Fed Politburo Head, ever.
For, as reported here:
http://www.cnbc.com/id/44411981
…our own loveable, Pigman in Chief is now soothingly cooing that the U.S. bank’s:
TWO…
