Trading with point and figure

[Moneylender]

Long humming nicely, stop to +5

 

[Moneylender]

Sorry guys cant do anything with T2W today. Will try again later.

 

[Moneylender]

Dow into open

17900 is the res

 

[Dentalfloss]

general picture
pullback before a pop ??
or a new downtrend ??

 

[Moneylender]

general picture
pullback before a pop ??
or a new downtrend ??

Hey you're back. not missed much this site been crap, but seems better now.

 

[Dentalfloss]

spx
price coiling up

 

[Dentalfloss]

dow over the last week

 

[Dentalfloss]

general picture
pullback before a pop ??
or a new downtrend ??

Hey you're back. not missed much this site been crap, but seems better now.

xmas shopping

 

[Dentalfloss]

spx
price coiling up

Decent dump

 

[Dentalfloss]

a closer look at a good dump
price coiled up
res was marked
price broke down /red horizontal
retraced back to test res/green horizontal

whammo

 

[Dentalfloss]

latest
trendline test seems to be happening

 

[Dentalfloss]

Dow into open

17900 is the res

excellent
you got a 60 point dump

 

[Moneylender]

excellent
you got a 60 point dump

Didnt get all the 60 pips but got a fair few. might take as bounce here at
17845 PP lets see if it bounce poss!

 

[Dentalfloss]

no real sign of a bounce on spx
1 min

 

[Dentalfloss]

2094 seems to be holding it on 1 min candle
2096 is prev breakdown area

 

[Moneylender]

Trend and support meeting gave me hope for a bounce, but maybe not this time!

 

[Dentalfloss]

17830 held it
2094 on sppx
PP was 15 out...as we said ...only use as a guiide...imho

 

[Moneylender]

17830 held it
2094 on sppx
PP was 15 out...as we said ...only use as a guiide...imho

Yes I think my support (blue line) was close enough, as you say PP was a little out.

 

[Moneylender]

Janet talking in 15 mins, expected to move things along one way or another!

 

[Dentalfloss]

17822 was the low