Point and Figure charts make it Brain Dead Simple.

Ted Burge Has Had Over 100 FollowersPrevious "Hall of Fame" ChartList Author Rank: 14 Followers: 153 Votes: 395 Years Member: 12 Last Update: 25 January 2015, 11:57 Categories: Point and Figure Charting
Support / Resistance Lines
Currencies

Brain Dead Trading with PnF charts.

Jan 2nd! And the O's started to accumulate with a net 142 stocks moving to O's. Add to this number another 371 to O's on Monday Jan 5th.

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

...411. NASDAQ 100 Shares (QQQQ) candle

Now we can see that within the margin of error of 1/2 of one percent that 100 +/- .50 cents has been an important level before.

One message! If you know how to to accurately find support and resistance you can make it work for you.

If you don't know, you don't know! It's in my e-book!

It is all about objectively defining where price has changed momentum or direction in the past. These are the TED Lines and they are posted in advance are are light years ahead of any other indicator.

1. $INDU - Daily Candlesticks, 1024

January 16 close 17511

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

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

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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

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