Point and Figure charts make it Brain Dead Simple.

Ted Burge Has Had Over 100 FollowersPrevious "Hall of Fame" ChartList Author Rank: 13 Followers: 153 Votes: 357 Years Member: 12 Last Update: 1 October 2014, 10:14 Categories: Point and Figure Charting
Support / Resistance Lines
Currencies

Brain Dead Trading with PnF charts.

September 25th. Stocks moving to O's are back to the 'point' they last peaked on August 1st. This a point where demand may increase in the near future.

www.tedslines.com

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.

Less

$INDU - Daily Candlesticks, 1024

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

$INDU Traditional PnF chart

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

...$BPNDX - Bullish Percent

Back to the highs of March again as of August 25th. It usually takes 2-3 weeks before this leading indicator makes a significant move.

..... NYSE Bullish Percent Index (EOD) ($BPNYA)

The rule is a move from above 70% to below 70% is time for a defensive position.

www.tedslines.com

.....411. NASDAQ 100 Shares (QQQQ) candle

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.

....123. $BPCOMPQ - Daily Histogram, 1024

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....151. $SPX -

Just keeps making moves at those Ted Lines. The 20 DMA as of August 14th is being tested. It is the line between a bullish and a bearish bias,

....152$SPX

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1. $OEX - Daily Candlesticks

Support and resistance is where we may expect a change of momentum or direction and this is just one example.

11. $OEX A look back over 14 years

So simple to see what has happened since May of the year 2000 to 2014.

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