Trading with point and figure

[Moneylender]

Looking at oil WT has reached parity with Brent just about so I think 34 dollars will be the bottom.

Off out for my morning walk back later.

 

[Dentalfloss]

oil/wti
35.00 res area

if 34.72 is the low
36.00 big res area

 

[Dentalfloss]

10160 area was res...tank
1993 was supp on 1 min..tank

 

[Dentalfloss]

there should be supp in 1984 area

 

[Dentalfloss]

10100-10150 should be a supp area

 

[Dentalfloss]

pivot area marked

 

[Dentalfloss]

any rally should see 10180
10200
10250 res

 

[Dentalfloss]

oil/wti needs to have 35.00 as supp area

 

[Dentalfloss]

spx in a pivot area

 

[Dentalfloss]

in theory we are in areas that we can rally from...lets see

 

[boyplunger1929]

daily chart on dax points towards 97xx then 93xx relatively quickly... data over next week may change things

bulls getting their heads ripped off here. bad december failed rallies.

 

[boyplunger1929]

in theory we are in areas that we can rally from...lets see

in theory

reality may push it further down, need a plunge to trigger stops and get buyers back in

 

[Dentalfloss]

we watch those pivot areas to see they become res...then it turns really nasty....lol

 

[boyplunger1929]

1984 held on spx

 

[Dentalfloss]

1984 held on spx

10100 on dax aswell
lets see what happens

 

[Dentalfloss]

in theory we are in areas that we can rally from...lets see

those are technical areas...what happens might be different...lol


:smart::smart::smart::smart::smart::smart:

 

[Dentalfloss]

there should be supp in 1984 area

whammo...

 

[boyplunger1929]

needs a swift move up with conviction or its back down

 

[boyplunger1929]

euro relationship to dax gone off now also, was euro up dax down.... now changed

 

[boyplunger1929]

top techs in US got hammered since start of week.

check out apple, amazon, netflix, fb etc...