Point and Figure charts make it Brain Dead Simple.
.......$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'!
Feb 28th! 1848 was the line and price changed direction.
........152. $SPX Traditional PnF chart
Double top breakout on Feb 28th. It's a fact and the candle chart shows details of support and resistance.
.......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!
.....SPY - Daily Candlesticks, 1024
Look left to be right at the Ted Lines and what price has done before.
....151. $SPX -
Times like this a PnF chart is helpful. 1775 (+/- 1/2 of one percent has been support since christmas).
..1 NYSE Bullish Percent Index (EOD) ($BPNYA)
Knowing where it happened before is often a valuable piece of information. Less than a buck a day to learn how it works.
.2. $BPNYA Point and Figure BP NYA
The column of x's with the A at the base is October. The months are numbers 1-9 with Oct, Nov and Dec designated a, b, c because two digit numbers require too much space.
There will be no O's added until Bullish Percent reverses 6 percent. At the moment with a high of 76 percent the reversal must be to 70% before O's are added.
12.$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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