Trading with point and figure

[Dentalfloss]

decent 100 point dump from our 10660 marked rez
more with scalps

 

[Dentalfloss]

dax needs to stay above 10560 area..maybe 10545

test 10560 and bounce
needs to test 10620

 

[Dentalfloss]

into our 10545
excellent
dow went +..excellent movement from our rez

 

[MichaelJohnFX]

Areas for next week:

10718-10737
10634-10654
10606-10595
10436-10409
10261-10234 - NFP Value area

Could well see an opening pump into that 10634-10654 area. Take out those weak stops resting just above 10627.

Looks like a clean path tho areas marked below imho. Overall chart is still bullish however.

 

[Dentalfloss]

back to our 10515....will it hold ??
excellent mornin

 

[Dentalfloss]

supp for dow in 18518-18540..ish
testing it now

seems to be being supported

 

[Dentalfloss]

any reason for Dax tank
was out

 

[Atilla]

any reason for Dax tank
was out

Follow through from last week. Eeerie silence. Absence of noise is like a Mexican stand off.

Some say we are heading for new highs and others say falls. I reckon people are just waiting for a happy trigger moment either way.

I've sold me shares now just left with Lloyds. Rather not make money than lose what I've made. fwiw chav is off it's highs and I suspect consolidation and bunkering down is the better step forward.


Noticed you've been slipping up Mr D. Had to register with the Leavitt Brothers in the end

http://leavittbrothers.com/pdfs/LB weekly 20160821.pdf

 

[Dentalfloss]

DOW
up close

area should read 18468 to 18480

should be in supp now

 

[Dentalfloss]

should be in supp now

excellent bounc
took dax with it

 

[MichaelJohnFX]

Brilliant day today. Market has pretty much been accumulating / distributing within areas/ zones marked over the weekend. 10436 area - great pump.

 

[Dentalfloss]

Brilliant day today. Market has pretty much been accumulating / distributing within areas/ zones marked over the weekend. 10436 area - great pump.

:smart::smart::smart::smart:

 

[timsk]

any reason for Dax tank

I've been wondering that. 100 point move in about one minute.
Could it be something to do with this: Germany to tell citizens to stockpile 10 days' worth of food in case of catastrophe? It's just been announced on the news. Rather worrying, IMO.
Tim.

 

[MichaelJohnFX]

I've been wondering that. 100 point move in about one minute.
Could it be something to do with this: Germany to tell citizens to stockpile 10 days' worth of food in case of catastrophe? It's just been announced on the news. Rather worrying, IMO.
Tim.

My issue is, the actually physical market / cash market didn't budge. XETRA Dax this this. Not that i was affected. But found it very weird tbh.

 

[timsk]

Germany to tell citizens to stockpile 10 days' worth of food in case of catastrophe.

. . . And one example of a catastrophe is this.
Tim.

 

[Dentalfloss]

and dump again
excellent volatility

 

[MichaelJohnFX]

and dump again
excellent volatility

Great isn't it?

 

[Dentalfloss]

think it might get sold off....a bit more

 

[Dentalfloss]

dow
nearly breakin

 

[Dentalfloss]

if it breaks
recoil ..not much higher than 18516-18528...bears will like that