Trading with point and figure

[Dentalfloss]

retest that horizontal supp area 18400

 

[Dentalfloss]

does 18400 hold ?

 

[Moneylender]

does 18400 hold ?

looks like it will

 

[f2calv]

looks like it will

Looks like dows gonna plummet tbh

 

[Moneylender]

Looks like dows gonna plummet tbh

Prob will now I am out!! lol

 

[f2calv]

Looks like dows gonna plummet tbh

Even though I say that, I went long for a whopping 1.7pts such is my conviction

 

[f2calv]

I'm seeing 18310 as the nearest possible support, does that tally?

 

[Atilla]

Yes it does.

I have 18310 as PP-S3.

I think DOW is in bear country already. Possibly a rise to 18400s before steep falls in August imo.

 

[Moneylender]

Agree Dow has downwards momentum but I am weary of news from Japan, any stimulus over night and we will spike up again.

 

[Dentalfloss]

mornin all

 

[f2calv]

morning... a non-event with the BoJ then

 

[Moneylender]

Morning both.

So now where, continue up or down.

 

[f2calv]

Morning both.

So now where, continue up or down.

Well its month end... does that mean sideways and profit taking into the close or a rally... then profit taking into the close!?

 

[Dentalfloss]

DOW updated

 

[Moneylender]

Well its month end... does that mean sideways and profit taking into the close or a rally... then profit taking into the close!?

Not looked at charts yet but my gut says down day

 

[Dentalfloss]

dow
a bit of detail

 

[f2calv]

Not looked at charts yet but my gut says down day

So BTFD then

 

[Dentalfloss]

why the Dow and not my beloved SPX ??
Dow has a defined downtrend
spx is flat and dax is in an upptrend

 

[Dentalfloss]

why the Dow and not my beloved SPX ??
Dow has a defined downtrend
spx is flat and dax is in an upptrend

for this scenario..i am taking the Dow as the lead
could be wrong

 

[Moneylender]

my take on DAX