Trading with point and figure

[Atilla]

I'm seeing bearish LHs and a narrowing wedge on a number of charts and the relationships tally up and support further falls.

I think bulls are in need of some news event to bolster their beliefs. In the absence of something new looks like support is waning in general imo.

 

[Dentalfloss]

ftse not happy

 

[Dentalfloss]

staying under the green..so far

 

[Dentalfloss]

staying under the green..so far

short from green area
tights top

 

[Dentalfloss]

short from green area
tights top

stopped out
decent few

 

[swissy]

stopped out
decent few

Ditto....

 

[Dentalfloss]

dax and ftse
pump or dump

 

[swissy]

dax and ftse
pump or dump

My thoughts exactly...could get fake up first (thinking dump looking more likely) lets see.

 

[Dentalfloss]

10 am rip.. Swissy alerted me to those
excellent

 

[swissy]

6694 pullback? I'm in short (could re-test or dump)

 

[swissy]

6694 pullback? I'm in short (could re-test or dump)

Stopped out for a few...6700?

 

[Dentalfloss]

I'm seeing bearish LHs and a narrowing wedge on a number of charts and the relationships tally up and support further falls.

I think bulls are in need of some news event to bolster their beliefs. In the absence of something new looks like support is waning in general imo.

too many Heinekens...???


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


looks good to me

 

[Dentalfloss]

spx needs to test our 2130 area/rez

 

[Dentalfloss]

dax is the most bearish...lookin like a fake
lets see

 

[Dentalfloss]

spx needs to test our 2130 area/rez

that is where the bears could be
dax and ftse should go with it
maybe ...???

 

[Dentalfloss]

first rez is 10368 area
bigger rez at 10428 AREA

posted at 8.02am...there now

 

[Dentalfloss]

spx gone slightly positive
needs to test 2130 area/red

 

[Dentalfloss]

our slightly negative bias workin well on ftse...so far
missed a few on the way up.....who cares

 

[Dentalfloss]

zip...straight into our 2130 area..stops tightened
lets see how it gets handled

 

[Dentalfloss]

ftse went with it
excellent