Trading with point and figure

[Dentalfloss]

dow

nowt more than a flash crash

 

[Dentalfloss]

chart is 30 min data of dow index
we had a top on 20th June and a move down...then it recoiled into rez
as we said at the open yesterday....the only info we had that dow was in rez

if you had called levels yesterday...your account would be negative ...big time

 

[Dentalfloss]

we got a flash crash yesterday...can the bears follow it thru..??
no idea....lol
we will mark supp and rez and carry on
quarter end...so could go either way

 

[Dentalfloss]

dow

 

[Dentalfloss]

dont think the bears will get past that 21100 to 21200....wide area of congestion there
rez starts at 21370
21330 is prev supp..poss rez...should get blown out quite easily
thenn 21350



supp is 21300...then 21275 area
21240 first decent supp area

 

[Moneylender]

Morning all, moved stop up a little more, not too much as this will be quite volatile this morning!

 

[Dentalfloss]

dax
12375-12400 is a pivot area
should test that quickly at 8 am or before

 

[Moneylender]

dax
12375-12400 is a pivot area
should test that quickly at 8 am or before

Its well above that level already, are you expecting a drop to that level?

Confused!

 

[Dentalfloss]

DAX index

 

[Dentalfloss]

more detail

 

[Dentalfloss]

Its well above that level already, are you expecting a drop to that level?

Confused!

not looked at spreadbet chart..yet
always look at index first

 

[Dentalfloss]

levels..

 

[Dentalfloss]

ftse

 

[Dentalfloss]

ftse in horizontal supp now

 

[Dentalfloss]

first move was into our marked supp areas to test the bulls

 

[Dentalfloss]

7290-7305 a decent supp area
if 7320 fails

 

[Dentalfloss]

12350-12400supp area marked....gotcha

 

[Dentalfloss]

dax
12375-12400 is a pivot area
should test that quickly at 8 am or before

whammmo

 

[Dentalfloss]

dump down to retest 12375
12412 was supp on 1 min brs..became rez

 

[Moneylender]

Stopped out of my long and re entered!