Trading with point and figure

[Dentalfloss]

Aging, slower workforce growth hampering US growth
US does not have much fiscal room due to high debt level.
Being patient in terms of another rate increase
Would like more progress on inflation before next hike
Would like to shed bonds in the near future
Balance sheet unwind would be very gradual to minimize the market impact
Low 10 year bond yield suggest expectations of future growth are....best seen in Tealeaves

 

[Dentalfloss]

More than one too many mate the DAX is 12150 not 21150

:cheers::cheers:

i will drink to that......

 

[inzimam]

12150 for the bounce?

Sent from my SM-G950F using Tapatalk

 

[Dentalfloss]

its the interaction between supp and rez that we are looking at/intraday

15 min bars
21860 was a supp/minor...became rez
and dump

 

[Dentalfloss]

12150 for the bounce?

Sent from my SM-G950F using Tapatalk

12160 is minor rez....yu know the rules....
add 12167 into the mix

 

[Dentalfloss]

12150 should be a supp

 

[Dentalfloss]

first rez is at 12175 area

 

[Dentalfloss]

12160 p/d

 

[Dentalfloss]

12160 p/d

that should be supp if it pumps
looks very minor oversold
lets see

 

[Dentalfloss]

12150 for the bounce?

Sent from my SM-G950F using Tapatalk

as we said...not happening ...maybe soon

 

[Dentalfloss]

12160 p/d

dump...for a few

 

[Dentalfloss]

ditto 21850 pump or dump

slightly out on that one
turned out to be 21840 on dow

 

[Dentalfloss]

12160 p/d

dumped..nicely from that

 

[Dentalfloss]

21840....ya dumper

 

[Moneylender]

Dont see much of a rise into the close yet!

 

[Dentalfloss]

12160.....40 point dump
21840...nearly 100

 

[Dentalfloss]

Dont see much of a rise into the close yet!

maybe overnight...who cares

 

[Dentalfloss]

12160 is minor rez....yu know the rules....
add 12167 into the mix

posted at 7.26pm
approx 10 mins later 12160 was rez..then minor supp at 12146 broke
then 12132 became supp...that broke...then became rez
then dump to 12120

interaction between supp and rez

 

[Moneylender]

Closed one of my DOW shorts, thats me done for the day.

 

[Dentalfloss]

100 pointer on dow..21738 hit