Trading with point and figure

[Dentalfloss]

updated dax chart
still lookin like a dead cat bounce

 

[Dentalfloss]

a much clearer veiw

 

[timsk]

If the first half hour is anything to go by, it could be a very dull day. I think we may as well all go back to bed, have the day off, and return to our screens at 6.59 pm, refreshed in preparation for fun and games tonight.

This is how things appear to me on the ol' Renko charts . . .

 

[Dentalfloss]

and a close up

in that pivot area now

 

[Dentalfloss]

10400 if that pivot fails
then 10374 area

 

[Dentalfloss]

If the first half hour is anything to go by, it could be a very dull day. I think we may as well all go back to bed, have the day off, and return to our screens at 6.59 pm, refreshed in preparation for fun and games tonight.

could be....but..
dax is looking like a dead cat bounce...bulls will want to change that...quickly aswell

 

[Dentalfloss]

needs to take out that big congestion area 10600-10750...quickly
10700 needs to be support

 

[Dentalfloss]

inputs show the trend well

 

[Dentalfloss]

scalps in and out of our pivot area/10413-10426 that we marked earlier

 

[Dentalfloss]

spx over the last week

2040 area is trend supp
pivot /aqua is 2028-2032 area
res starts at 2060 area

 

[Dentalfloss]

oil over the last 2 weeks
hardly a real bull move as yet
needs to see 38.50 as supp

 

[Dentalfloss]

more bullish moves from dax
bulls need to take out 10550 area

 

[Dentalfloss]

Excellent bullish movement..so far

 

[Dentalfloss]

10500 lookin to break..to 10550 area
10500 needs to act as supp

 

[Dentalfloss]

10500 lookin to break..to 10550 area
10500 needs to act as supp

there we are
stop tightened

 

[Dentalfloss]

stopped out
excellent movement

 

[Dentalfloss]

scalp short in from 10550 area
stop tightened

 

[Dentalfloss]

stopped out
excellent

 

[Dentalfloss]

another pump to 10550...bulls need to get bizzee....and quickly
scalp long
not sure where this going

 

[Dentalfloss]

a much clearer veiw

in the zone now..