Point and Figure charts make it Brain Dead Simple.

Ted Burge Has Had Over 100 FollowersPrevious "Hall of Fame" ChartList Author Rank: 14 Followers: 156 Votes: 378 Years Member: 12 Last Update: 2 March 2015, 9:33 Categories: Point and Figure Charting
Support / Resistance Lines
Currencies

Brain Dead Trading with PnF charts.

Feb 27th The Russell 2000 has added 273 stocks to X's in the month of February

The global change is 694 more stocks in X's at the end of February than at the end of January,

Such a simple methodology and we have a complete report each evening.

www.tedslines.com

The e-book explains the methodology to Objectively define Support and Resistance using any chart in any time frame.

Once you understand it, 'it's brain dead simple'!

Simply watch what price does at objectively defined support and resistance.

Readers have coined the term the 'Ted Lines'!

PnF charts are the 'yeast that raises the dough' and what you see on the candles charts are Support and Resistance based on PnF analysis.

Less

..771. NYSE Composite Index ($NYA) MONTHLY CHART

11105 the high of last July 2014 on this monthly chart and closed at the same level last Friday February 20th! Where is price NOW!

February 27, 2015. Now we know that the biggest stock exchange in the world did not advance this week! Just the facts.

1. $INDU - Daily Candlesticks, 1024

January 30 close 17164

Dec 31 close 17823

Nov 28 close 17828 (Last trading day of November)

11. $INDU - Monthly Area, 1024

Nov 7th! As of the close the DOW has gained over 4500 points since November of 2013. The horizontal line is simply a reference point.

11.$INDU Traditional PnF chart

February 19th. The DOW just a couple of points from a 3 box reversal to O's at 17950. This is the same price we mentioned in the comment below last December 22nd!

December 22nd. 17950 was the previous high recorded on this chart and price is back to take another look.

12.$COMPQ - Daily Candlesticks, 780

Watch what happens, and then stop watching and learn how to avoid mistakes! www.tedslines.com

123. $BPCOMPQ - Daily Histogram, 1024

click here to add comments

131. Nasdaq 100 Index ($ndx)

The Ted Line value at 4065 is taken from a PnF chart going back to 2000 The a move of 1/2 of one percent or 20 points above or below the line is considered normal.

132. $BPNDX - Default Style

When bullish percent falls from above to below 70% it is time for a defensive position.

When Bullish percent moves from below 30% to above 30% its time to shift the bias. Fell below 70% when options expired in September.

Today is Friday Oct 17th and it's back to options expiry day, exactly one month later.

151. $SPX -

Just keeps making moves at those Ted Lines.

152$SPX

This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Use for more details.