Point and Figure charts make it Brain Dead Simple.
..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. $BPCOMPQ - Daily Histogram, 1024
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131. Nasdaq 100 Index ($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.