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Point and Figure charts make it Brain Dead Simple.

Ted Burge Has Had Over 100 FollowersPrevious "Hall of Fame" ChartList Author Rank: 11 Followers: 136 Votes: 478 Years Member: 10 Last Update: 25 May 2013, 6:27 Categories: Point and Figure Charting
Support / Resistance Lines
Currencies

Brain Dead Trading with PnF charts.

Friday at the close 86 stocks moving to O's and 66 moving to X's.

You can see the chart updtaed as of May 24th that shows the movement of X's and O's on the SPX over the last 9 months. At the close on Friday there were 345/500 components of the SPX in X's (demand) and this is considerably lower than the beginning of the week.

www.thetedlines.com

A 3 box reversal on a traditional PnF chart is considered normal price activity and therefore a measure of risk in dollars.

Don't forget support and resistance. It is the ultimate indicator. (DON'T FORGET)

No Guarantee as to what will happen, but it is 'where' it has happened before!

The e-book explains the methodology to Objectively define Support and Resistance using any chart in any time frame.

Once you understand it, 'it's brain dead simple'!

Simply watch what price does at objectively defined support and resistance.

Readers have coined the term the 'Ted Lines'!

PnF charts are the 'yeast that raises the dough' and what you see on the candles charts are Support and Resistance based on PnF analysis.

Less

....772. $NYA - Daily Candlesticks, 780

May 22, 2013. The Ted Line at 9670 is not new. It was shown on video on this same day 5 years ago. You see it works. Price has a habit of repeating itself.

..27. S&P 100 Index ($oex)

757 was a down turn point in October 2000 and it is resistance in May 2013. Price has a memory and so do computer algorythms.

Support and resistance is where we may expect a change of momentum or direction and this is just one example.

..28 $OEX weekly PnF back to the year 2000

May 21st! One little weekly chart with all the price activity since the year 2000! Got to look (way) left to be right. The B is for the month of October and the start of a decent to below 400. Just the facts!

..288. $OEX - Weekly Candlesticks

This is a weekly chart and if you look at the change it indicates the total change over the course of the week.

..5. Semiconductor Index - Philadelphia ($sox) DAILY CANDLE

The Ted Lines at 472 was defined as an example in the e-book and goes back to 2006. If you know where it happened before, you have an opportunity to be ready for it to happen again.

12.$COMPQ - Daily Candlesticks, 780

Watch what happens, and then stop watching and learn how to avoid mistakes! www.thetedlines.com

131. Nasdaq 100 Index ($ndx)

May 17th price at the next Ted Line with a value of 3010 (+/- 1/2 of one percent or 15 points to compensate for intra-day volatility.

March 12, 2013. A different approach but it works. Certainly not at historical highs.

www.thetedlines.com

151. $SPX -

April 19th One line starting last November and the 50 DMA are converging.

April 10, 2013 The historical high was 1576.09 (not the closing high). Margin of intra-day error is 1/2 of one percent on average.

1512. $SPX traditional chart scaling

A 3 box price reversal to a column of O's would now be be at 1650 and 1590 is a double top. The chart does all the work for us.

29. $INDU - Daily Candlesticks, 780

May 1st1 The month strats with price lower than the highs of mid-April.

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