Point and Figure charts make it Brain Dead Simple.

Ted Burge Has Had Over 100 FollowersPrevious "Hall of Fame" ChartList Author Rank: 12 Followers: 151 Votes: 446 Years Member: 12 Last Update: 24 October 2014, 16:26 Categories: Point and Figure Charting
Support / Resistance Lines

Brain Dead Trading with PnF charts.

Oct 24th. It has taken 6 trading days to reverse from 69 stocks in X's on the SPX to 380 as of yesterday.

X's now back to the highs of September 3rd and Gold Sector BP's are at recent lows.


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.


..$RUT - 1 hour Candlesticks, 1024 3

October 21st! 1107 and price is back to that point again.

November 18, 2013! Closed at support 1107!

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

..111.$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.

.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'! 114 .45 is the number. The PnF chart below has a bottom at 114 as well going back to July of 2010.

.87. GLD Traditional PnF chart

Sell signal in April 2013 and support in December 2013 at 116 and again in September of 2014.

Support at 114 going back to July 2010

Oh! So simple!

.8C. $HUI- Daily Candlesticks, Very Wide 8D

Look left to be right.

.8CC. $HUI Daily ATR

190 going back to December of 2013

.981. $GOLD - Daily Candlesticks, 1024

1183 taken from the PnF chart below

.988. $GOLD percentage PnF chart

Percentage PnF chart where the box sizes increase in value based on 1% of the closing price.

1. $INDU - Daily Candlesticks, 1024

Close to the highs of July and now resistance until proven otherwise. (17151.56) Always a margin of error intra-day.

11.$INDU Traditional PnF chart

October 13th, 2014 16350 is a quadruple bottom at 16350 with a box size of 50 points price must go as low as 16300 or lower for the quadruple bottom to be breached.

A triple top last June and July (6 & 7) and a quadruple bottom breakdown on October 1st at 16950

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