Trading with point and figure

[Dentalfloss]

2043 area held
rallying
defo not top ...as yet

 

[Dentalfloss]

oil/wti..possible top

 

[Dentalfloss]

41.70 area is poss supp
getting near that now

 

[Dentalfloss]

oil/wti
gettin toppy

needs to stay under 42.30 area for bears

 

[nopac]

npopac..you can also export data from freestockcharts.com

Thanks, good to know.

Do you happen to know how to get BEB4 to stop giving me this warning:

Every time I change anything, it gives me that warning and I have to click "abort" 2 or 3 times to get rid of it.

Have a good weekend.

 

[Dentalfloss]

nopac
BEB has a problem
on low box sizes,,,arithmetic...for example spx on 0.60 points gives that message
however..i have found a method round it
go to %log..in that case it is 0.03%...ish
only seems to do this with certain things
..not fx ..sometimes with oil
if you get that message..either stick to roundish numbers..ie 1.00 ,1.50 etc etc or go to %log

 

[Dentalfloss]

dax into the open
data is from FOMC
trend is up..10k prev supp looming
there is a possibility of a minor top..difficult to call as yet/needs to test the trend first
no reason to short as yet..uneless its a scalp
some wild action on the chart..i think i have got rid of most of the rubbish

 

[Dentalfloss]

spx into the open
chart data from FOMC
no sign of a top as yet..first sign from this chart is a failed signal/upside failure...not there yet

we got a break of trend..but no real short signal uneless a scalp

 

[nopac]

nopac
BEB has a problem
on low box sizes,,,arithmetic...for example spx on 0.60 points gives that message
however..i have found a method round it
go to %log..in that case it is 0.03%...ish
only seems to do this with certain things
..not fx ..sometimes with oil
if you get that message..either stick to roundish numbers..ie 1.00 ,1.50 etc etc or go to %log

I'll give that a try. Thanks.

 

[Dentalfloss]

oil/wti a break of trend on Friday at 5 pm/uk
trend that started on 15th March
not sure how it will impact on stocks/index

 

[Dentalfloss]

2049-2055 areaa poss res area

 

[Atilla]

2049-2055 areaa poss res area

Really like this chart. It's very clear and shows the H&S or Cat's ears reversal (call it what you will) really well.

Just wondering how long it can continue? On probabilities as it is first day of spring and summer time approaches an impending sell off is upon us.

Would it be correct to say breach of that Green line is the likely to be end of this bull run?

 

[Dentalfloss]

http://leavittbrothers.com/pdfs/LB weekly 20160320.pdf
State of the market
From Jason Leavitt

 

[Dentalfloss]

dax
data from FOMC
scenarios
we push up to 10k and break it..bulls will like it if that red trendline/down is supp
we test 10k and fail
we test 9900 breakout and rally or down to 9850 area/green trend suupp
rally there or down to 9800
round numbers seem to be in control...lol
9880 horizontal supp area..not shown
could go either way..trend is up...res looming..who knows..lol

 

[Dentalfloss]

a closer look at supp areas

as you can see ..there is a stack of supp
10k res is the big number...lol...who cares

 

[Dentalfloss]

spx
pivot areas marked
bulls happy if 2050 is supp
bears happy if 2045 is res
could be a few traps looming..lol
2038-2043 should be reasonable supp area

2035 is a cluster area..prev breakout and trend supp...not shown on this chart

 

[Dentalfloss]

2036 cluster area marked

 

[Dentalfloss]

possible scanario for spx
our 2055 res area we marked holds it..then we mess around in and out of 2050 with moves into 2043-2045 ish
if we get lucky..then 2035-2038
possible bulls take it back for a retest of 2050-2055
who knows..lol
dax should go all over ..test all our supp/res areas

 

[Atilla]

possible scanario for spx
our 2055 res area we marked holds it..then we mess around in and out of 2050 with moves into 2043-2045 ish
if we get lucky..then 2035-2038
possible bulls take it back for a retest of 2050-2055
who knows..lol
dax should go all over ..test all our supp/res areas

fwiw - will go by PPs for R/S levels as always but will be looking for shorts below 2035 and longs above 2045s. Anything in between, sit on hands.

Super analysis, super thread and big thank you on R/S levels.

 

[Dentalfloss]

mornin folks