Point and Figure charts make it Brain Dead Simple.

Ted Burge Has Had Over 100 FollowersPrevious "Hall of Fame" ChartList Author Rank: 15 Followers: 152 Votes: 503 Years Member: 11 Last Update: 22 April 2014, 14:47 Categories: Point and Figure Charting
Support / Resistance Lines

Brain Dead Trading with PnF charts.

April 15th! Price made a statement at support and price has had a good ride.


March 25th! If price is King then the OEX may be of interest closing at the highest price since Sunday March 30th no need to change the comment unless price makes a statement.

March 18th! There is a video explaining what has happened. It was published on March 14th and is free for all.

On February 3rd we did a video showing why the markets were signaling a change of direction and you can refresh your memory by having a look at it at www.thetedlines.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.


........ $SPX - 1 hour Candlesticks, 1024

Zooming in on price so we can see what price does when it gets to one of those Ted Lines! The e-book explains it all and daily videos shows how it's done 'on the go'!

.......86. GLD - Daily Candlesticks, 780

The prinicple is that price is King and when it finds previous levels of support (or resistance) it will 'remember'! 131 the high of November.

......87. GLD Traditional PnF chart

Sell signal in April 2013 and support in December 2013 at 116.

Oh! So simple!

.....32. $OEX - Daily Candlesticks

Support and resistance is where we may expect a change of momentum or direction and this is just one example.

.....SPY - Daily Candlesticks, 1024

Look left to be right at the Ted Lines and what price has done before.

....151. $SPX -

Times like this a PnF chart is helpful. 1775 (+/- 1/2 of one percent was support since christmas).

....30. $INDU - Daily Candlesticks, 1024

March 18th! Closed right between support and resistance at 16136.

March 14th! Pretty straight forward at 16100. It is the 'point' where it will happen.

1 NYSE Bullish Percent Index (EOD) ($BPNYA)

Knowing where it happened before is often a valuable piece of information. Less than a buck a day to learn how it works.


12.$COMPQ - Daily Candlesticks, 780

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

123. $BPCOMPQ - Daily Histogram, 1024

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