Trading with point and figure

[Dentalfloss]

some decent bearish movement on spx this morning...could all change at US open...

 

[Moneylender]

I am flat at the mo, as I said missed the short from 11117 area. Too risky now as we are in no mans land, will wait until a break down or a pump. Lets see what happens.

 

[Moneylender]

Careful with the shorts now, this off the wires

SAUDI GOVT READY TO DO WHAT IT TAKES FOR STABLE OIL MARKET: SPA
SAUDI READY TO COOPERATE WITH OPEC, NON-OPEC FOR STABLE PRICES

 

[Dentalfloss]

went for a bike ride..missed it
definitely would have been in from our 11120 and 2093 areas
cannot win em all....lol

 

[Moneylender]

I was in on the short from 11105 but bottled it and closed with two when oil news broke re Saudi.

never mind.

 

[Dentalfloss]

spx has printed a minor reversal

2086 is where it printed the reversal..that is a bounce area..there now
2093 potentail res area /red
2076 is 50% of the pole
2070 breakout area/aqua
we either break higher or test those areas

posted at 9.22 am

 

[Dentalfloss]

Careful with the shorts now, this off the wires

SAUDI GOVT READY TO DO WHAT IT TAKES FOR STABLE OIL MARKET: SPA
SAUDI READY TO COOPERATE WITH OPEC, NON-OPEC FOR STABLE PRICES

lets hope we get a wild session
remember p/f thrives on volatility

 

[Dentalfloss]

spx..either a break of 2096 into that res area
or we pullback

lets see what happens
pump or dump

 

[Moneylender]

May have a little bit left on the DAX Res @ 11125 still allthough have gone short on DOW

 

[Dentalfloss]

Will the Fed raise its discount rate at its previously unscheduled meeting for today? Thursday's post on the Federal Reserve's website that “an expedited, unscheduled meeting of the Board of Governors of the Federal Reserve to review the discount rate” will be held today (Monday) at 11:30 ET (16:30 London/GMT). The discount rate, the rate at which banks borrow from the Fed's discount window is set by the Board of Governors, rarely used by the banks. This must not be confused with the fed funds rates, which is set by the Federal Open Markets Committee.

from ASHRAF Laidi

 

[Moneylender]

Closed my Dow short with a good few. Not sure what this fed meeting will do to things, so waiting!

 

[Dentalfloss]

Closed my Dow short with a good few. Not sure what this fed meeting will do to things, so waiting!

its all about the price of eggs in sainsbury

 

[Dentalfloss]

Closed my Dow short with a good few. Not sure what this fed meeting will do to things, so waiting!

11120 and 2096 ...hummers
scalps in and out

 

[Dentalfloss]

there we are
excellent movement/down
from our res area we marked
as we said this morning...we were a tad bearish
11050/moneylender supp
2086 from friday
will they hold ??

 

[Dentalfloss]

2096 and 11120...nailed ...to the exact point

 

[Moneylender]

Not been a bad day with that move as well.

 

[Dentalfloss]

all dumpin nicely

 

[Dentalfloss]

Not been a bad day with that move as well.

excellent
shedfulls to ya..no messin with hatfuls...

 

[Moneylender]

your comments from this morning!!

11040-11120 area a big res on this chart
10880 area should be strong supp
daily data
80 point box by 3 reversal
close plot

:smart::smart::smart:

 

[Moneylender]

Pattern set or is it? Think the break of the pink is a false bo, could well see a bounce off it.