Point and Figure charts make it Brain Dead Simple.
....9. $WTIC - Daily Candlesticks, 780
Light crude back to the levels where there was a turn back in 2009. Some similarities to other commodities.
...86. GLD - Daily Candlesticks, 780
The principle is that price is King and when it finds previous levels of support (or resistance) it will 'remember'! 114 .45 is the number. The PnF chart below has a bottom at 114 as well going back to July of 2010.
.8C. $HUI- Daily Candlesticks, Very Wide 8D
Look left to be right. HUI trying to make a move at the same price as it did in the fall of 2008! (150)
.8cc. $HUI ATR 40 PnF chart
All the way back to October 2008 to see the last place that the $HUI turned around. (Look left to be right).
1. $INDU - Daily Candlesticks, 1024
Dec 12th Down 678 points on the week
Dec 5th. Up 130 points on the week.
Nov 28th. Up 18 points on the week.
Nov 21st. Up 176 points on the week.
Nov 14th. Up 61 points on the week.
Nov 7th. Up 183 points on the week.
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
October 13th, 2014 16350 is a quadruple bottom at 16350 with a box size of 50 points price must go as low as 16300 or lower for the quadruple bottom to be breached.
A triple top last June and July (6 & 7) and a quadruple bottom breakdown on October 1st at 16950
111 $BPNDX - Default Style
When bullish percent falls from above to below 70% it is time for a defensive position.
When Bullish percent moves from below 30% to above 30% its time to shift the bias. Fell below 70% when options expired in September.
Today is Friday Oct 17th and it's back to options expiry day, exactly one month later.
12.$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
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