123Tom's TA study group

[sab63090]

Tom:

My count is a mechanical count based on the lateral X's indicated on the P&F chart...12 boxes across @ 50 cents = 6 points. I always use the solid lines across (x's)...I have other methods and targeting signals.

This is the method I used as a rookie trader @ 25 yrs old (so many years ago) using commodities (hand drawn) for our head trader...it's the method I learned (Richard D. Wyckoff Method)..along with classical bar charting...We are so advanced now and using candlestick and many other tools.

I see some resistance at right under 23 where the breakdown occurred and is indicated also on the P&F...it was a triple bottom breakdown.