Trading with point and figure

[Dentalfloss]

dax

 

[Moneylender]

Morning all

 

[Dentalfloss]

dax
a better chart

 

[Dentalfloss]

dax
smack into 9740/prev supp
breakout area 9660 down to 9630 and then 9600 supp/round
otherwise 9560-9580 ish

 

[Dentalfloss]

no rush for shorts as yet
1913 and above is res area..there now
9740 area on dax as per the chart

 

[Dentalfloss]

new breakouts on dax and spx...market will be unsure
retests everywhere

 

[Dentalfloss]

whammo
1913
9940..slightly out..but a good result
stops tightened

 

[Dentalfloss]

stopped out on dax and spx
excellent run

 

[Dentalfloss]

9680 is a trend supp on 1 min

 

[Dentalfloss]

9680 is a trend supp on 1 min

bounce off 9680 into 9740 res and back down..
luvin it

 

[Dentalfloss]

excellent 9660/prev breakout area

 

[Dentalfloss]

1902-1904 prev breakout..there now
lets see how it gets handled

 

[Dentalfloss]

wants to break 1904 and 9660 areas

 

[Dentalfloss]

wants to break 1904 and 9660 areas

look to see if those areas are res in the near future

 

[Dentalfloss]

decision time...do we keep bullish ??
decent bounce off our supp areas

 

[Moneylender]

decision time...do we keep bullish ??
decent bounce off our supp areas

Short the spikes is still favorite I think

 

[Moneylender]

Box 6x1,2, and 3 along with tick chart

 

[Dentalfloss]

decision time...do we keep bullish ??
decent bounce off our supp areas

yes
excellent

 

[Dentalfloss]

our 1913 area...magnetic
a real hummer

 

[Dentalfloss]

9740 area..magnetic
luvin it