Trading with point and figure

[Dentalfloss]

ftse gettin a real hammerin
7170 a pipe dream.lol

 

[Dentalfloss]

nyse back into our supp area
into 11350 now

 

[Dentalfloss]

11310 could be a supp

 

[Dentalfloss]

bounced off 11332..ish

 

[Dentalfloss]

possibly equates to dow 20400
ftse 7110
dax 11950
only a rough calculation
could be way off

 

[jeffre4]

Dentist what will you do if ftse hits 7110 go long with tight stop

 

[Dentalfloss]

Dentist what will you do if ftse hits 7110 go long with tight stop

nope

i am certain it will be tested and retested
a big downmove like that will need reassurance for the bulls

 

[Dentalfloss]

ftse is a falling knife

 

[Dentalfloss]

ftse is a falling knife

there will be a supp area that will become rez

 

[Dentalfloss]

there will be a supp area that will become rez

it should bounce off that
hopefully ,then we can get an idea of whether the bulls are willing to take it

 

[Dentalfloss]

falling knives are easy to catch

 

[Dentalfloss]

cable holding rez..possibly
good for ftse

 

[Atilla]

cable holding rez..possibly
good for ftse

I'm surprised with the speed of the cable bounce reaching 1.2780s...

I don't think the market place has got their heads around it just yet.

Inverse relationshiop between pound and FTSE clear to see. Despite some good China data BRBY has just dropped back down below 17.

More downside for FTSE in the pipeline I think. Can't see much good until elections over other than more uncertainty. :whistling

 

[Dentalfloss]

7110 gotcha

 

[Atilla]

Cable going for 1.29 amazing stuff.

 

[Dentalfloss]

cable in our mega rez

 

[Dentalfloss]

20350-20450
we just touched that supp area
needs to be really tested...at the lower end
equiv to 11250 on nyse

 

[jeffre4]

20350-20450
we just touched that supp area
needs to be really tested...at the lower end
equiv to 11250 on nyse

just curious r u saying fftse going lower than 7110 before bounces then

 

[Dentalfloss]

just curious r u saying fftse going lower than 7110 before bounces then

ftse has its own set of parameters..it has diverged from US index because of general election..imho
could go anywhere

 

[Dentalfloss]

7110 it turns really nasty
could be wrong

posted at 1.40pm
7110.8 the low
still improving..lol