Trading with point and figure

Cable 1.2440-50 major resistance but want's to breach it with the CPI number release imo.

Can't see it going much above 1.25. Where do you see next R. I have

PP-R2 @ 1.25160 but that seems awfully long long way away :rolleyes:

More sideways move - range bound perhaps...
 
OK back at my desk at last, whats happening are we buying the dips? I see we are at old faithful 20660

Here is Jason Levitt's view.

The dollar is down. Oil and copper are flat. Gold and silver are up. Bonds are up.
The market continues to wear everyone down. The bulls are frustrated the indexes have been grinding in place for several months…and the range hasn’t seen tradeable ups and down. Instead there’s very little net change day to day. The bears, who have reasons to believe the next move will be down, aren’t exactly thrilled a long list a bearish reasons can be produced, yet the market just won’t crack. Sooner or later someone will blink…just not sure when or who.
 
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