Trading with point and figure
- Thread starter Dentalfloss
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Dentalfloss
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dow into the open
Dentalfloss
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20610 a confluence supp area
pump or dump 20684 area/lilac horizontal
pump or dump 20684 area/lilac horizontal
Moneylender
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Good morning. Happy Tuesday. Hope you had a good weekend.
The Asian/Pacific markets closed flat. Japan, China and South Korea moved up; Hong Kong, Indonesia and Malaysia moved down. Europe is currently mostly up. Greece and Poland are up more than 1%; Germany, Norway, Sweden, Portugal and Russia are also doing well. Futures in the States point towards a positive open for the cash market.
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VIDEO: LeavittBrothers.net Overview
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The dollar is up. Oil and copper are up. Gold and silver are down. Bonds are down.
The S&P is in the midst of an “11 out of 13″ win streak, and Friday’s close was its highest close ever. In fact all the indexes (except the S&P 600 small caps) hit new highs last week.
Per some stats I gave in the report posted over the weekend, the market’s strength is well supported. Besides the indexes, the groups and individual stocks are doing very well. This isn’t a case where the indexes are masking trouble behind the scenes.
Yes the market will correct at some point, but for now the trend is up and strong and dips should be bought. Don’t over-analyze. Don’t fight this. More money is lost not riding trends than by loses themselves.
The Asian/Pacific markets closed flat. Japan, China and South Korea moved up; Hong Kong, Indonesia and Malaysia moved down. Europe is currently mostly up. Greece and Poland are up more than 1%; Germany, Norway, Sweden, Portugal and Russia are also doing well. Futures in the States point towards a positive open for the cash market.
—————
VIDEO: LeavittBrothers.net Overview
—————
The dollar is up. Oil and copper are up. Gold and silver are down. Bonds are down.
The S&P is in the midst of an “11 out of 13″ win streak, and Friday’s close was its highest close ever. In fact all the indexes (except the S&P 600 small caps) hit new highs last week.
Per some stats I gave in the report posted over the weekend, the market’s strength is well supported. Besides the indexes, the groups and individual stocks are doing very well. This isn’t a case where the indexes are masking trouble behind the scenes.
Yes the market will correct at some point, but for now the trend is up and strong and dips should be bought. Don’t over-analyze. Don’t fight this. More money is lost not riding trends than by loses themselves.
joseph1986
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I got killed on the pmi data
really thought dax would tank
really thought dax would tank
Dentalfloss
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we had a marker on 20720 area
Dentalfloss
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dow updated
Dentalfloss
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20650 is first supp area
Moneylender
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Moneylender
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My 20720 order just got hit
Moneylender
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Moneylender
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That didnt go according to plan!!
Thats better!!!
Dentalfloss
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we were a bit outThat didnt go according to plan!!
20756 the high
gotcha ...at least some of it
Dentalfloss
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you have to be ready for some overshoot
Dentalfloss
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ftse back into our 7270 supp area
will it hold.?
will it hold.?
Dentalfloss
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dow back into prev rez 20686
will it support.?
will it support.?
