tag:blogger.com,1999:blog-6135767210188526078.post8101363505806989309..comments2023-07-28T11:28:55.153-04:00Comments on pebblewriter: Charts I'm Watching: January 18, 2012pebblewriterhttp://www.blogger.com/profile/11324367600914701000noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-6135767210188526078.post-44858203496490188892012-01-19T14:41:36.996-05:002012-01-19T14:41:36.996-05:00Thanks, everyone, for your comments. And, thanks t...Thanks, everyone, for your comments. And, thanks to the 150+ who've emailed already. Please check the Thursday morning post for more on this.<br /><br />BTW, did I somehow give the impression that I've turned bullish? I sure hope not. I think this sucker is going to go down so fast it'll make our heads spin. But, we could tack on another 15 points to 1329 or so (and get past OPEX) first. Check out Thursday's post for some numbers.pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-45251271847868486582012-01-19T11:22:10.423-05:002012-01-19T11:22:10.423-05:00Pebble as usual thanks for the updates. I sent yo...Pebble as usual thanks for the updates. I sent you an email with my opinions on the pay-to-access site. Wanted to bounce some of the harmonics I have been watching by you and get your opinion. <br /><br />It looks like SPX may be working on completing a bat pattern at 1336. Using X as the May high and A as the October low, you can make a case that B was hit on 10/12 just below the 50 retracement and C @ the 38.2 was hit on the next day 10/13. The target for D in this case is 1336. 1336 also is almost smack on the descending trend line from the 2007 high. <br /><br />I also have been watching the harmonics on the RSI. It seems as though the daily RSI is in the last leg of a butterfly. X in this case is the 10/28/11 peak and A is the 11/23/11 low. <br /><br />Additionally, the RSI weekly looks to be finishing a gartley. X in this case is the 2/14/11 peak and A is the 8/8/11 low. <br /><br />In my opinion, a final push to 1336 would complete the bat pattern, and finalize the harmonics in the daily and weekly RSI. It also would correspond well with the last push up the harmonics are expecting in the AUD/USD (as you noted above).dillzs99https://www.blogger.com/profile/08134062644817552023noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-61877207867421422942012-01-19T10:58:08.263-05:002012-01-19T10:58:08.263-05:00PW, I'm in the same boat as gardens. I am not ...PW, I'm in the same boat as gardens. I am not a pro trader or anything, just a regular guy trying to learn. Reading your tribute to the Novosels and your musings about timing re: WTC and retirement is what made me decide to check in most days. As an ex New Yorker from the 70's exodus, I gravitate to others who lived there for whatever reason... I can't blame you if you want to make a buck, who doesn't. If you go that route, I wish you the best!Billiamhttps://www.blogger.com/profile/06169996801230993241noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-24508580162214536452012-01-18T19:05:44.786-05:002012-01-18T19:05:44.786-05:00PW, the action today smells like a bull trap IMHO....PW, the action today smells like a bull trap IMHO. Look at that volumeless melt up at the end, S&P made new high but VIX refused to budge. Financials were lagging a bit. Do you still see the VIX to 28-29 in the short term? It kind of fallen back inside the wedge, didn't it? As for the fee, I respect your expertise greatly and read your blog several times a day to check for updates. I guess I don't mind paying a fee (depending on how much and how frequent is the payment, monthly/yearly), but the fee thing is a turn off for new readers. Also by charging a fee, I feel that you will have more pressure/stress in your charting/analysis due to the fact that the readers pay to read your writing, not free. Just my 2 cents.curiousmindhttps://www.blogger.com/profile/01666424655241738081noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-69259476120523497742012-01-18T15:59:05.911-05:002012-01-18T15:59:05.911-05:00PW: you asked for our comments and I'll be ha...PW: you asked for our comments and I'll be happy to give them. As someone who's only investing is done in their 401k b/c frankly I don't have the money I rely heavily on this site to help me learn to trade, b/c it's not my primary job or even an investment I can afford little but rely a lot on your skills as I cannot trust "others" to "manage" my account fr me as that led to 40% losses in '07, '08. As a small time trader trying to stay afloat I would be sad to miss out due to a small fee. However this conflicts with my capitalist leanings and I'm not a looter. So I would totally understand if you protect your intellectual property and charge a fee I would also tip my hat to you, however I would miss it sorely and be off on my own again for how to trade this crazy market. Just the perspective of the Joe 6 pack who relies on your skillskritrdrhttps://www.blogger.com/profile/01000668921661732660noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-6376625085629201912012-01-18T14:57:58.342-05:002012-01-18T14:57:58.342-05:00Hi PW:
Just wanted to reply to what you said in yo...Hi PW:<br />Just wanted to reply to what you said in your posting... For your hard work and dedication you should seriously consider employing a fee for your charting... I think its only fair... (Try not to hurt our pockets)... Those who value your work I believe will agree...<br /><br />As far as conspiracy theories... As I am one to believe in many of them... Regardless of who checks in and monitors your site - just know - those powers that be - cannot keep this propped up too much longer... The market will fool most and imo it looks as if it got a hold of you as you are doubting yourself... You always said you was early...<br /><br />The way I look at this market ----> its cheap. Cheap to short! lol<br /><br />Thank you for all of your work!<br /><br />Much love!<br /><br />Ooh yeah check those IPs out... See where they ping back unto... I wouldn't be surprised if you ended up surprised...MaskedAsASheephttps://www.blogger.com/profile/17268388498002555929noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-59548759407528667782012-01-18T12:59:40.563-05:002012-01-18T12:59:40.563-05:00you're welcome. just posted about this above....you're welcome. just posted about this above...pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-13221367788398695422012-01-18T12:44:50.431-05:002012-01-18T12:44:50.431-05:00Thanks for your update. Many weeks back, many peop...Thanks for your update. Many weeks back, many people were talking about this fractal, maybe that is why it couldn't play out exactly. Now that nearly no one talks about it, maybe it will be back in sync again?curiousmindhttps://www.blogger.com/profile/01666424655241738081noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-45630419313588502342012-01-18T11:11:31.110-05:002012-01-18T11:11:31.110-05:00PW, just curious whether the 2008 and now analogy ...PW, just curious whether the 2008 and now analogy has been invalidated due to this rise to 1300+. Day 150 was dead on though..,,curiousmindhttps://www.blogger.com/profile/01666424655241738081noreply@blogger.com