Trading with point and figure

[Dentalfloss]

Dax
pink gives us a 500 point range..Wild moves
P/f thrives on volatilty

 

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Ditto on Dow

 

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rez starts @ 13100 area

 

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supp held

 

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liniung up

 

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lining up

 

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blue not liked

 

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pink...nearly

 

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as we said..early this morning..think pink

 

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13K held

 

[cantagril]

Gratings, Ô Wide One...

Missed yesterday's entertainment and am looking at the charts and thinking that maybe I should be missing today's as well

I've just taken a punt on the (wait for it, wait for it!) CAC at 5760 - mainly because I can't see the bottom falling out of the indices just yet and also that we seem to be around sensible support levels after a healthy p/b. Sooo...on the basis that it's the Dax making the running in Europe this a.m and we've a fair chance of a clamber North, the CAC will hopefully go the same way.
I've got hard stops in but no TPs as yet. Looking at the 13180 area on the Dax before serious resistance.....