Trading with point and figure

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shows the overbought a bit better...not really a signal

 

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just puts you on notice that you might get kicked in the teeth

 

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Dow in a pretty big rez area

 

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some detail

 

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should be in rez

 

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unwinding the overbought

 

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lined up

 

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Here is the price movement from our bullish call on Monday morning/UK

WAZAAA........

View attachment 261002

 

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unwind

 

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our 25760 rez area workin a treat

 

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lookin still overbought

 

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Mornin folks

 

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SPX ...A quick look

 

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scalp sells only uneless that upper trendline starts becoming rez

 

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those are 45 deg trendlines...ishbullish support line/main trend
internal trendline from the move up from the reaction point/pullback
only a rough guide...but p/f methodology being used