Trading with point and figure

[Dentalfloss]

26070 area looks important ...if it gets dumped

26085 hit..so far

 

[Dentalfloss]

Dow
gettin a tad nasty

 

[Dentalfloss]

POP..??

popped

 

[Dentalfloss]

Dow
gettin a tad nasty

bounce from our pivot

 

[Dentalfloss]

lined up

 

[Dentalfloss]

will our line hold..?

 

[Dentalfloss]

lined up

updated

 

[Dentalfloss]

eurusd updated
remember our pivot we drew a couple of days ago

 

[Dentalfloss]

OIL
gettin a tad oversold

 

[Dentalfloss]

will our line hold..?

nope....
excellent stuff

 

[Dentalfloss]

26070 area looks important ...if it gets dumped

yes sir

 

[Dentalfloss]

yes sir

 

[Dentalfloss]

Way above forecasts of 0.2% m/m for Headline 0.6% m/m and ex Food & Energy 0.5% m/m, though ex Food, Energy & Trade 0.2%



Quite a lot of pressure points: Energy 2.7%, Food 1.0%, the ever volatile Trade Services +1.6%, very notably Construction 1.9% - all m/m - quite a lot in those that could feed quite quickly through to CPI - and NB PPI Personal Consumption 0.8% m/m! With respect to the latter, this is all the more interesting in the context of this chart posted on Reuters last weekend about consumer companies starting to push through price hike

From Marc Ostwald

 

[Dentalfloss]

In theory..... Not good for stocks....,????

 

[Dentalfloss]

our 26070 seems to be very important

26140 rez

 

[Dentalfloss]

26070...ya hummer
became rez

 

[Dentalfloss]

recoil into our rez...and dump
excellent

 

[Dentalfloss]

unwinding the overbought....a tad

 

[Dentalfloss]

in our supp area now

 

[Dentalfloss]

will it hold..??