Trading with point and figure

[Dentalfloss]

time for tea and biscuits

 

[Dentalfloss]

eyes down for another boring US session

 

[Dentalfloss]

gbpusd andgbpjpy stuck in a tight range..both at rez

 

[Dentalfloss]

dax still bullish

 

[Dentalfloss]

and it popped

 

[Dentalfloss]

2181 the big number on pivotalpivots

 

[Moneylender]

Wow what did you do to the DAX?

 

[Dentalfloss]

spx
no real break of supp as yet

 

[Dentalfloss]

possibly a negaive signal looming..first one since 15th July and that was the only one since 7th July

 

[Dentalfloss]

still not negative as yet

 

[Dentalfloss]

really needs to test 2156
bounce rez at 2167 area
bears will see that

 

[Moneylender]

really needs to test 2156

apple results might make that happen

 

[Dentalfloss]

our gbp rez workin well

 

[Moneylender]

DOW .Unless something spectacular happens with FED I would say a top is formed. any views?

Edit: I am short from 18550

 

[Atilla]

With the Fed speel tomorrow I wouldn't like to say or do anything silly, which would be most uncharacteristic of me.

Will they raise rates or talk of raising rates. Ofcouse not! Why would they?

Check out the inflation rate! - http://www.tradingeconomics.com/united-states/inflation-cpi

Check out the dollar! - http://www.marketwatch.com/investing/index/dxy

Unemployment rate! - http://www.tradingeconomics.com/united-states/unemployment-rate


Why should they raise or lower them? 2 v 1 says they'll remain as they are. :smart:

 

[f2calv]

I second Atilla, if I were short dow from 18550 I'd be making money on hedging longs at times like this...

 

[Dentalfloss]

really needs to test 2156
bounce rez at 2167 area
bears will see that

bounce as we said

 

[Moneylender]

I second Atilla, if I were short dow from 18550 I'd be making money on hedging longs at times like this...

Will wait until after Apple's results!

"In fact, some analysts have forecasted that iPhone sales may be as low as 38 million to 40 million units, a decline of up to 20 percent compared to the year-ago quarter. If the estimates prove to be accurate, it would mark Apple's worst quarter of iPhone growth ever in the smartphone's nine-year history."

 

[Dentalfloss]

mornin all
late start..overslept

 

[Dentalfloss]

Chronics 10300 area finally hit
great call