Trading with point and figure

[Dentalfloss]

SPX

 

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FTSE

 

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FTSE
more detail

pivot area at 6888

 

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ftse has a big wodge of supp 6860-6888 area

 

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Dax

 

[Dentalfloss]

dax...if we spike to 11180 area today...poss sell there
otherwise....havent a clue...lol

 

[Atilla]

No rhyme or reason but bankers bonuses depend on it.

Santa's 'bonus' rally

 

[Dentalfloss]

dax...if we spike to 11180 area today...poss sell there
otherwise....havent a clue...lol

gotcha

 

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supp is at 11100 area

 

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ftse has a big wodge of supp 6860-6888 area

and we bounced from 6890..excellent

 

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DOW

 

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dow chart
data is from 8am/uk time today
1 min data
that supp area is wide...sellers need patience...

 

[Dentalfloss]

that trend supp/aqua is 19550...should bounce off that area...bad bounce and sellers in
they could get 19500 before another bounce

 

[Atilla]

Indicators showing divergence for the DOW but at these highs follow the price.

I've seen indicators bounce along the top for days, weeks even.

Oil seems to be holding 50 and cable testing 1.25s again.

FTSE making tracks to 7000. Steady as she goes...

 

[Dentalfloss]

slightly out..bounce was at 19530...we had 19550
bounce in
retest of high
now what..??

 

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19580-19600 is now pump or dump
coinciding wiith 114.40 on carry trade/usdjpy

 

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ftse seems to want to test our 6956 rez area we marked earlier
needs to pump 6940 first

 

[Dentalfloss]

dax...pump or dump our 11180 area

 

[Dentalfloss]

19580-19600 is now pump or dump
coinciding wiith 114.40 on carry trade/usdjpy

Pump

 

[Dentalfloss]

SPX over last 48 hours