Trading with point and figure

[Dentalfloss]

what next..??

 

[Atilla]

what next..??

H&S reversal? Wait for the left shoulder to form??? :whistling

 

[Dentalfloss]

H&S reversal? Wait for the left shoulder to form??? :whistling

just overbought at this point

26100-26280 is a decent supp area
26500 first rez area/big

 

[Dentalfloss]

Mornin folks

 

[Dentalfloss]

just overbought at this point

26100-26280 is a decent supp area
26500 first rez area/big

yeah.....but
did not take it....40 winks more important

 

[inzimam]

Morning!

 

[Dentalfloss]

Morning Sir

 

[Dentalfloss]

DAX
1 month of data
1 box count area marked

 

[Dentalfloss]

Count areas do not mean that support will come in.... More like a conslidation will happen

 

[Dentalfloss]

Count areas do not mean that support will come in.... More like a conslidation will happen

Positions are re assessed in that consolidaion

They are only a guide

 

[Dentalfloss]

bank holiday is US and Canada
ditto Japan

 

[Dentalfloss]

Ostwald, Marc
08:45 (1 hour ago)
to Marc

- Very quiet start to the week: digesting China Caixin Services PMI and
100 bps RRR cut, along with German Production; Eurozone Sentix
confidence, smattering of Fed & ECB speak the only other items

- China: Services PMIs underline swing to services as engine of growth,
but still leaves authorities with major headache to solve on industrial
sector debt

- Germany Production: unexpected dip not really a surprise, turnaround
contingent on Orders upturn being sustained

..........................................................................

********************
** EVENTS PREVIEW **
********************

A relatively subdued start to the week in terms of data and events, with the much better than expected and much improved China Caixin Services PMI (53.1 vs. Aug 51.5) to digest, which underlines the sharp and emphatic swing to the Services sector as the engine of growth in China. However, the targeted 100 bps Reserve Requirement Ratio cut over the weekend does underline that the spectre of the industrial sector's debt burden and the headwinds that it faces from trade wars, debt servicing problems and plateauing demand internally remains the major challenge for the Chinese authorities to contend with. German Industrial Production disappointed at -0.3% m/m vs. expected +0.3% m/m, though this should hardly come as a major surprise after the protracted period of falling orders, above all in the Capital Goods sector; it remains to be seen whether last week's Orders bounce will be sustained, and by extension boost output going forward. Be that as it may, the reported -1.8% m/m in Construction (following July's +1.2% and June's -1.8% m/m) looks a little anomalous, in so far as this is one sector which has been booming all year, according to other anecdotal reports. The rest of the data schedule will hardly excite markets that are in any case rather more focussed on internal dynamics, above all the rise in Treasury yields and modestly steepening yield curve, in part a concession for this week's $74 Bln 3, 10 & 30-yr auctions and $156 Bln of T-bills. The events schedule is equally underwhelming with little more than some Fed speak from the ever dovish and rather maverick Bullard, and various meetings and speeches from the 'populist' authoritarian nihilists: Salvini, Le Pen, Orban and Erdogan


from Marc Ostwald

 

[inzimam]

Let's see if 12050 becomes support

 

[Dentalfloss]

Let's see if 12050 becomes support

That is your first rez area

 

[Dentalfloss]

That is your first rez area

twas decent supp on Friday

 

[inzimam]

That is your first rez area

That's what I meant, if it broken up then it might give a good support

 

[Dentalfloss]

DAX
1 month of data
1 box count area marked

11975 the low
Inzi"s 12050 worked a treat

 

[Dentalfloss]

just overbought at this point

26100-26280 is a decent supp area
26500 first rez area/big

26315 the low...a tad out....who cares
excellent results

 

[Dentalfloss]

Mornin folks

 

[Dentalfloss]

FTSE

is that the end of the down move..??