Point and Figure charts make it Brain Dead Simple.

Ted Burge Has Had Over 100 FollowersPrevious "Hall of Fame" ChartList Author Rank: 13 Followers: 156 Votes: 298 Years Member: 12 Last Update: 24 April 2015, 16:37 Categories: Point and Figure Charting
Support / Resistance Lines

Brain Dead Trading with PnF charts.

April 10th! The Bullish Percents of the NYSE and COMPQ (averaged) are the highest point since July 31, 2014!

March 31st! The global change for March was 335 stocks more in O's at the End of March than the end of February.

The global change (all equities) was 694 more stocks in X's at the end of February than at the end of January,

Such a simple methodology and we have a complete report each evening.


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.


....771. NYSE Composite Index ($NYA) MONTHLY CHART

March 20th! The high of the month is at an interesting level.

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.

....7711. $NYA - Quintruple Top at 11100

11100 we see a total of 5 X's spread over the period since July 2014. (7 for the 7th month)

This chart is based on high low prices and the close only as is traditional. A traditional chart will show only a triple top.

...366. $RUT - 1 hour Candlesticks, 1024 3

February 13th The number of stocks on the Russell in X's is 253 more than at the end of January.

Price at 1200 has been consistently an obstacle in the month of January.

Watching where (not when) price has changed momentum or direction before offers insight into the next price that the process may repeat.

...3667 $RUT - daily PnF, 700

..411. NASDAQ 100 Shares (QQQQ) candle

Now the activity is at 108.00 +/- a small margin of error.

Now we can see that within the margin of error of 1/2 of one percent that 104 +/- .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

February 27 close 18,132

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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