Point and Figure charts make it Brain Dead Simple.
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.
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.
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.