Trading with point and figure

[jeffre4]

ftse will bounce left a gap that need to be filled before it can drop 6778 area

 

[jeffre4]

sorry 6978 area then hopefully play catch up

 

[swissy]

sorry 6978 area then hopefully play catch up

Ok fair enough.... quite a few rallies sold today. Think we might go down a bit yet before a pump.... lets see.

 

[jeffre4]

it very well could do but no sustained fall can start until we hit 6978 ish imho

 

[pingpong1965]

Said that without moving my lips !!!

 

[pingpong1965]

How did you know all that jeffre4 ? , couldn't have put it any differently

 

[jeffre4]

mind you now i am long it will drop like never before

 

[Dentalfloss]

no bulls...but really messy signals to sell

 

[Dentalfloss]

our 47.10 rez...still a dog

workin well

 

[pingpong1965]

As per usual, the markets doing there best to keep us guessing

 

[pingpong1965]

Ok fair enough.... quite a few rallies sold today. Think we might go down a bit yet before a pump.... lets see.

Usually these gaps go the same day, but occasionally they can take up to a week to fulfill, im sure there will be enough volatility over the next week with the things that are happening in the next 7 days, to send the markets all over the place :-0

 

[Dentalfloss]

cable in a pump or dump
1.2250
prev supp area
could be rez

worked well...made up for missed index shorts

 

[Dentalfloss]

posted on Saturday morning....LAUGHABLE
was bearish then ...missed all the bear moves today

FTSE
in the back of my mind....its a failing bull flag after seeing SPX price action

price gettin squeezed....ready for a pop

 

[Atilla]

Wondering how greedy to get with Oil.

There is a lot of support between 44-46.

Now thinking it may test 44.75 and $45 may become the new 50???

If indeces continue cooling off oil will follow I reckon.

 

[Dentalfloss]

posted Saturday morning....lol
no Peroni for me tonight

the bigger picture
SPX one month of data
bulls seem to be losing control

 

[Atilla]

posted Saturday morning....lol
no Peroni for me tonight

Leavitt Brothers weren't very flattering in their weekly updates either.

I'll have some Heineken for you :cheesy:

 

[Dentalfloss]

mornin folks

 

[Dentalfloss]

SPX over last 24 hours

 

[Dentalfloss]

oil updated
Atilla bang on at 46.00 supp

 

[jeffre4]

Dentist whats your opinion on s&p heading back to 2124 and ftse 6980 ??