Trading with point and figure

[Dentalfloss]

amended chart

 

[Dentalfloss]

dow
expect movement both ways
not sure if 16240-16275 area will get broken
the latest break needs to test the bulls...at some point
lets see
should be plenty of chop before decision time...we like that alot

 

[Dentalfloss]

oil into 31.50 res
lets see how it gets handled
31.60 a big res

 

[Dentalfloss]

excellent
we marked `1905 on spx
31.50 area on wti
16135 area on dow
9834 area on dax
all hummin

 

[Dentalfloss]

the trick is...where is supp ??

 

[Dentalfloss]

oil/wti in a minor pivot at 31.21

 

[Dentalfloss]

stops tightened

 

[Dentalfloss]

stopped out on dax
excellent run
spx ditto

 

[Dentalfloss]

9750 area bounce
from this morning

 

[Dentalfloss]

bounce off that pivot on wti
bears might be watching hard...lol

 

[Dentalfloss]

amended chart

nailed em..
16135 the high
15974 the low..slightly out on that one...we had 15960 ish..nevertheless..we were looking hard for support..and we got it

 

[Dentalfloss]

DAX into the open

firststop for the bulls...hold that pivot area 9720-9750

if that fails then supps marked underneath

if it pumps then 9900-9916 uis first area of res ...right up to 9972
then 10k psycho
trend is up
last signal was bullish
price could pump or dump that aqua breakout

 

[Dentalfloss]

that pivot at 9720-9750/green marked on the chart seems to a possible magnet
mid pattern rally..held as res on 19 jan
it broke on Friday
we could get a few re-visits..
no guarantees...lol
bulls really need to show that as support...imho

 

[Dentalfloss]

DOW
expect plenty of action goin into that 16250 pivot area
bulls need to show that as supp
bears might want to fight that one..lol
it is some sort of mid pattern pivot

 

[Moneylender]

Looks like you had a good day yesterday, bigger hanger required!

:smart::smart::smart:

 

[Dentalfloss]

Looks like you had a good day yesterday, bigger hanger required!

:smart::smart::smart:

pretty decent...was expecting a wider range than we had

 

[Dentalfloss]

 

[Atilla]

Royal Dutch Shell has been an absolute bargain at these oil prices with a healthy dividend.

Can't see oil dropping much further below $30, perhaps $22-$25 but the upside when it does turn likely to be $40-50+.

 

[Dentalfloss]

Royal Dutch Shell has been an absolute bargain at these oil prices with a healthy dividend.

Can't see oil dropping much further below $30, perhaps $22-$25 but the upside when it does turn likely to be $40-50+.

$ 33.00 to 33.50 area start of big res...
needs to stay above 31.50 area..if that fails then 31.16 pivot area
longer that that....dunno...lol
it is recoiling in a downtrend and price could go either way..imho

 

[Dentalfloss]

FED dovish on Wednesday..good for a rally..imho
let see
"Car crash " Carney dovish last week
Poss dollar weakness ??

possible scenarios
a dump down pre fomc ..ready for a rally
or
rally and a smallish dump after fomc...with 1930 as supp
lets see what happens