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Point and Figure charts make it Brain Dead Simple.

Ted Burge Has Had Over 100 FollowersPrevious "Hall of Fame" ChartList Author Rank: 12 Followers: 135 Votes: 482 Years Member: 10 Last Update: 21 May 2013, 3:59 Categories: Point and Figure Charting
Support / Resistance Lines
Currencies

Brain Dead Trading with PnF charts.

Monday at 11:00. Still demand with an additional 10 PnF buy signals and five sell signals, with 36 stocks changing to X's and 15 changing to O's. Canadian markets closed today.

You can see the chart that shows the movement of X's and O's over the last 9 months. When it is high it is time for caution! At the close on Friday there were 447 components of the SPX in X's (demand).

www.thetedlines.com

A 3 box reversal on a traditional PnF chart is considered normal price activity and therefore a measure of risk in dollars.

Don't forget support and resistance. It is the ultimate indicator. (DON'T FORGET)

No Guarantee as to what will happen, but it is 'where' it has happened before!

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

12.$COMPQ - Daily Candlesticks, 780

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

131. Nasdaq 100 Index ($ndx)

May 17th price at the next Ted Line with a value of 3010 (+/- 1/2 of one percent or 15 points to compensate for intra-day volatility.

March 12, 2013. A different approach but it works. Certainly not at historical highs.

www.thetedlines.com

151. $SPX -

April 19th One line starting last November and the 50 DMA are converging.

April 10, 2013 The historical high was 1576.09 (not the closing high) and it is resistance. Margin of intra-day error is 1/2 of one percent on average.

1512. $SPX traditional chart scaling

A 3 box price reversal to a column of O's would now be be at 1620 (2 more x's were added on May 14th (5 for the 5th month) and 1590 is a double top. The chart does all the work for us.

27. S&P 100 Index ($oex)

727 was support back in May of the year 2000 and it is resistance in May 2013. Price has a memory and so do computer algorythms.

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

28 $OEX weekly PnF back to the year 2000

May 7th! One little weekly chart with all the price activity since the year 2000!

288. $OEX - Weekly Candlesticks

This is a weekly chart and if you look at the change it indicates the total change over the course of the week.

29. $INDU - Daily Candlesticks, 780

May 1st1 The month strats with price lower than the highs of mid-April.

292. $INDU

14450 a double bottom support and a double top breakout on April 29th. The rest is history and a 3 box reversal is now at 15150

33. $BPINDU - Default Style

May 8th! 28 of 30 DOW components on a buy signal . AKA demand.

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