Trading with point and figure

[Dentalfloss]

12270 is now a pump or dump

 

[Dentalfloss]

12240 to 12250 supp if it p/b

 

[Dentalfloss]

messy

 

[Dentalfloss]

12238-12257 a big rez area in April...poss supp

also reads as 1220-12244



first rez is 12299 area
then 12367

 

[Moneylender]

just found another limitation to Cute PnF, I cant go far enough back to get meaningful S n R on my charts!

 

[Dentalfloss]

eurusd ..big rz at 1.1690-1.1725 area
dax might react at that level
if we get there

 

[inzimam]

had a 2 hour meeting and come back to see a sea of red..sheeshh

 

[inzimam]

12238-12257 a big rez area in April...poss supp

also reads as 1220-12244



first rez is 12299 area
then 12367

That's a wide range 12200 to 12244

 

[inzimam]

If it bounces to 12280 today I will be a happy chap!

 

[Dentalfloss]

DAX index
we dont where supp is...we know where rez is
we can do no more..

12250 first rez

 

[Dentalfloss]

supp...?? anybody..lol

 

[Dentalfloss]

bears will want to keep it below that orange trendline
12407-12426 to start with
12200 area is trend supp..that could fail
its seems more certain on rez areas

 

[Dentalfloss]

a more general veiw

12450 is a dog for the bulls,..aqua trendline

 

[Dentalfloss]

As you can see from latest chart....support is not really showing up
possibly 12200..??
the only thing we do know is where rez is
my own opinion....neutral bias
supports will need to get tested and poss retested
bears will want to keep it below aqua trendline...bear in mind that is a rising trendline...so could get into 12500
bounces off rez could be more important for direction

there should be plenty of pips in the confusion...lol

 

[Moneylender]

As you can see from latest chart....support is not really showing up
possibly 12200..??
the only thing we do know is where rez is
my own opinion....neutral bias
supports will need to get tested and poss retested
bears will want to keep it below aqua trendline...bear in mind that is a rising trendline...so could get into 12500
bounces off rez could be more important for direction

there should be plenty of pips in the confusion...lol

It did bounce off 12200 on Friday with some conviction. monday will be interesting, I might even get up early. lol

 

[Dentalfloss]

mornin folks

 

[Moneylender]

Morning boss

 

[Dentalfloss]

Morning boss

Mornin Guvner

 

[Dentalfloss]

Spx has a top in position

 

[Dentalfloss]

ditto Russ 2K futs