Trading with point and figure

[Dentalfloss]

just a series of unsupported breakouts over the last week
both up and down
good for us as very little mess

 

[nopac]

just a series of unsupported breakouts over the last week
both up and down
good for us as very little mess

What Duplessis calls a broadening pattern?

 

[Dentalfloss]

What Duplessis calls a broadening pattern?

broadening is small breaks..imho
these are more poles
\

 

[Dentalfloss]

dax

nailed that 9936...and we got a bounce
oil below our 39.50 pivot area

 

[Dentalfloss]

gotta replot spx ..dax and oil
all in downtrends...reasonably established now
that oil dump last night seemed to get things moving along

 

[Dentalfloss]

dax into the open

 

[Dentalfloss]

supps at 9940
9910
9880
9840
areas

 

[Dentalfloss]

excellent bounce from our 9936
stops tightened
overnight short went well

 

[Dentalfloss]

same data
hilo plot gives us a better feel for supp/res

 

[Dentalfloss]

spx updated chart

 

[Dentalfloss]

zip..
back into our 9936 again
luvin it

 

[Dentalfloss]

oil/wti
updated chart

a few pivots marked

 

[Dentalfloss]

retest 9987 horizontal..back down to our 9936
luvin it

 

[Dentalfloss]

spx in a supp area/trend supp at 2030 area
2052 area/red
looks like the top is in..long column of O"s with 23 and 24 in it
should bounce....no guarantees

 

[Dentalfloss]

vertical count not active yet
potential target of 1990

 

[Dentalfloss]

spx
a look at the down move that started yesterday
potentail res areas marked

 

[Dentalfloss]

so...now we have a good fix on where supp and res lies
oil/wti should get supported...
but...who knows...lol

 

[Dentalfloss]

wti still dumping..not good for index..lol
watch to see if our 38.50 area holds
and see if 39.00 is res

 

[Dentalfloss]

oil/wti
updated chart

a few pivots marked

better still if that green trendline becomes res

 

[Dentalfloss]