Point and Figure charts make it Brain Dead Simple.
....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.
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.