Point and Figure charts make it Brain Dead Simple.

Ted Burge Has Had Over 100 FollowersPrevious "Hall of Fame" ChartList Author Rank: 14 Followers: 154 Votes: 368 Years Member: 13 Last Update: 5 February 2016, 17:02 Categories: Point and Figure Charting
Support / Resistance Lines

Brain Dead Trading with PnF charts.

Feb 5th! So far this month we have had 12 net buy signal and a net 365 stocks moved to O's. Just the facts with al the noise removed.

Janauary 29th! The momentum behind the shift to increasing demand continues with a reduction to 818 PnF sell signals and 302 stocks to O's, A lot less than last Wednesday the 20th!

January 21st. We had a shift today and now for the month we have had a net 992 PnF buy signals and a net 1123 stocks to O's. Learning is a journey and not a destination! Compare to yesterday!

Janaury 20th. At the close we have net 1033 PnF sell signals for the month and 1788 to O's since the beginning of the month..

January 15th At the close we have had net 852 PnF sell signals for the month but we now have a net 1634 stocks to O's.. Got to have X's before we can get buy signals.

January 11th. At the close we have had net 563 PnF sell signals for the month and a net 1334 stocks to O's.. Watch for a shift in direction and be a winner

January 4th. The start of the month continues with a net 121 PnF sell signals and a net 541 stocks moving to O's. ( All this on January 4th!)

Time to be be prepared for a change in momentum or direction and this will happen at support and resistance. It's marked so you can know in advance when price gets there.

December 31st At the close we have had net 342 PnF sell signals for the month and a net 471 stocks to O's. An increase in sell signals and O's and the cycle makes a shift!

Just another way of objectively defining the trends of supply and demand and it works.

Just the facts.

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!


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

Where is price on the month NOW?

The answer as of December 24th is a close of 10258 that is $1.00 more than the close of December 3rd! The month of December closed down -266.16 at 10143.42

....7713. $NYA - daily PnF, 700

Jan 27th and marked at the top of the chart until it changes. Bearish signal reversed until it changed to a column of O's the next trading day!

This is a traditional PnF chart where the box size (scale of price change is fixed at 50 points). A 3 box reversal (the minimum price change for a change from X's to O's or visa versa) is therefore 150 points.

The most recent (original) sell signal was generated at 9950 on January 4th, where the long column of O's going down went lower than the previous column of O's.

Another sell signal was generated at 9400 and again at 9300 and again at 9150.. In each case a more recent column of O's went lower than the previous column of O's.

...36. Russell 2000 Small Cap Index ($rut)

The TED LINES won't change (they have been posted in advance for months and sometimes years) and they are where price will change momentum or direction.

Support and resistance is not based on pivot points, or theory, it is based on objective analysis of price activity over the life time of a trading instrument.

The only thing we can objectively define in advance is support and resistance. What else do you really need to know. (except understand the methodology to find it) Support and Resistance based on price analysis may be objectively defined.

You are the judge! You can evaluate the outcomes on these charts.


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

1173 has been a price level where the Russell 2000 has changed direction 8 times since Oct 31, 2014. (not 2015)

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

...3666. $RUT - daily PnF, 460

Look left to be right.

..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.

..42. QID - Daily Candlesticks, 1024

Added on May 18th with Tedlines based on a 60 minute PnF ATR chart

..43. QLD - Daily Candlesticks, 1024

..433. QLD - 60MN PnF, 460

1. $INDU - Daily Candlesticks, 1024

November 1915 high 17977.85

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