Trading with point and figure

[Dentalfloss]

Trend res and horizontal res at 10079 - candle stick.

nice call...thanks

 

[Dentalfloss]

dax
res area goes up t0 10290 area

no real sign of any bears

 

[Dentalfloss]

a closer look
a possible top...possibly..no real confirmation
looks bullish still...but a highish box size
supports areas shown
add in 9900/round

 

[Dentalfloss]

goin either way...stuck at a big res area
9936 and it starts turning nasty

 

[Dentalfloss]

spx
is it a top or a pullback ?? you cannot tell as yet...
stack of horizontal supp

price bounced off horizontal supp on Friday

 

[Dentalfloss]

Doha...production freeze
not sure how it affects index

banks pumpin
apple crumblin

 

[Dentalfloss]

http://leavittbrothers.com/pdfs/LB weekly 20160417.pdf

From Jason Leavitt

 

[f2calv]

Afternoon people 🙂
A quick update on my coding, I've moved the test site to the cloud (Microsoft Azure) so you will be redirected if you use the old URL, new URL is http://f2calv.azurewebsites.net

I've spent the last couple of days reading up on Relative Strength (RS) and more specifically the Relative Strength Matrix which the P&F stalwart Dorsey Wright uses(invented?).
A basic explanation/intro of the Matrix is on the below link, but essentially it's multiple P&F charts of RS which then creates and a orders a grid of securities by their bullish or bearishness.

• http://www.hughesfinancialgroup.com/files/16830/RS Matrix Sep 2009.pdf

I've created a new section on the test site and I'll be working on that in the coming week - I figure a bit of P&F could no doubt help both my long-term portfolio as well as my day-trading.

 

[Moneylender]

Oil meeting ends in failure

 

[Dentalfloss]

Oil meeting ends in failure

spooked the markets so far..
mornin all

 

[Dentalfloss]

spx
is it a top or a pullback ?? you cannot tell as yet...
stack of horizontal supp

price bounced off horizontal supp on Friday

into our 2066 ..marked on the chart and a small bounce

 

[Dentalfloss]

a closer look
a possible top...possibly..no real confirmation
looks bullish still...but a highish box size
supports areas shown
add in 9900/round

into 9900 area we marked and a small bounce

 

[Dentalfloss]

where do we go ??

 

[Dentalfloss]

well..
in a potential supp area
50% of pole /aqua
green pivot underneath at 2062-2066
red trendline/supp 2053-2056
then 2050/prev breakout
goin either way

 

[Dentalfloss]

dax into the open

 

[Dentalfloss]

dax
pivot at 10k now/aqua
prev supp 10024-10035 area
horizontal supp at 9930-9945
trend supp 9900 area

 

[Moneylender]

Good morning, oil is doing the indices again.

 

[MichaelJohnFX]

Morning all

 

[Dentalfloss]

oil/wti in prev res...potential supp

50%/green horizontal is 39.00 area

 

[Dentalfloss]

into our 10k res area
2070 we marked as supp...now is poss res
lets see