Trading with point and figure

tricky..
bears seem to have some control....but NOT full control
scalp shorts only until direction is a bit clearer
red downtrendline gets tested at 18480-18500 area
 
DAX into the open

4so93k.gif
 
dentist007 said:
CHAV....yu gotta a ton of rez betwwen 1350 and 15 quid
Click to expand...

Yes and the area is the price peak between Feb-Apr this year well before pound drop reflecting China sentiment more than anything else.

This one should be firmly embedded into ISA portfolios and pays divis too which is twice covered. As well as expansion in Asian markets there are consolidation and cost cutting exercise taking within the company.

Optimistic about this one. Could be the next Next ;) The two are on par wrt to divis but on balance BRBY more exciting bet.

I have 1370s area to breach first and then if all goes well we might see 14s very soon.

We might be seeing a H&S reversal pattern on the weekly charts and if that plays out then anywhere between 15-17 is fair game once we get to shaking off China worries. (y)
 
Agree wrt to Dow.

It's looking like exhaustion or start of some pull back to me.

See key areas to breach as

R3 @ 18695
R2 @ 18612
R1 @ 18533
PP @ 18450
S1 @ 18370
S2 @ 18287
S3 @ 18200

I think falls will be mananged with promise of easy money. The music goes on.
 
Should be a very good week this week seeing as we ranged for the last 3 or so session. 10350 area very important imho. A break, and then a retrace below that level, which if acts as res, is a pretty negative signal. Could see the 10000s this week. Looking to see what happens on monday's open
 
Jeff York lookin for an spx sell signal next week at 2181
Saying that trends usually end at YR1.....the yearly pivot
Not sure how the yearly pivot is calculated
Pivotalpivots.com
Algos trade from pivot to pivot

Lets see what happens
 
Last edited:
dentist007 said:
Jeff York lookin for an spx sell signal next week at 2181
Saying that trends usually end at YR1.....the yearly pivot
Not sure how the yearly pivot is calculated
Pivotalpivots.com
Algos trade from pivot to pivot

Lets see what happens
Click to expand...

Blimey yearly pivot points??? :eek::eek::eek::eek:

Take each day as it comes.

Daily PPs good enuff :cool:
 
dow
recoiling in that downtrend
at rez
spx now into Jeff York rez
spx..breakout was 2175 area
pullback to 2172 before breakout
2172-2175 supp if tested by the bears
 
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