Point and Figure charts make it Brain Dead Simple.
........ $SPX - 1 hour Candlesticks, 1024
Zooming in on price so we can see what price does when it gets to one of those Ted Lines! The e-book explains it all and daily videos shows how it's done 'on the go'!
.......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'! 131 the high of November.
......87. GLD Traditional PnF chart
Sell signal in April 2013 and support in December 2013 at 116.
Oh! So simple!
.....32. $OEX - Daily Candlesticks
Support and resistance is where we may expect a change of momentum or direction and this is just one example.
.....SPY - Daily Candlesticks, 1024
Look left to be right at the Ted Lines and what price has done before.
....151. $SPX -
Times like this a PnF chart is helpful. 1775 (+/- 1/2 of one percent was support since christmas).
....30. $INDU - Daily Candlesticks, 1024
March 18th! Closed right between support and resistance at 16136.
March 14th! Pretty straight forward at 16100. It is the 'point' where it will happen.
1 NYSE Bullish Percent Index (EOD) ($BPNYA)
Knowing where it happened before is often a valuable piece of information. Less than a buck a day to learn how it works.
12.$COMPQ - Daily Candlesticks, 780
Watch what happens, and then stop watching and learn how to avoid mistakes! www.thetedlines.com
123. $BPCOMPQ - Daily Histogram, 1024
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