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YMZ1, (3, -1) formula, Stretch, 2, 3,4 and 7 Nov 2011


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7 November: Basis YMZ1 (December $5 Dow futures) and the (3, -1) formula ... trading from unchanged, faded the 1.618% of the Stretch, 11941 + 67 = 12008, projecting that as the (-1) of the (3, -1) formula, which was followed by the (3) of (3, -1), i.e., 12008 - 67 -67 - 67 = 11807. 11786 = low. (Yeah that's a run-on sentence, but "what do you want for nuthin? A rubber bisquit?") The projected price to fade was ten points (risking $55) below the high. And the projected low was 21 (risking $105) above the actual print low, 11786.


YMZ1, (3, -1) formula, Stretch, 2, 3 and 4 Nov 2011, and 4.25% Stretch

4 November: YMZ1 short strategy price projection basis the (3, -1) formula: After the 3 Nov strong rally into the close, (settlement, 11976, high: 12009 and low: 11592) I was not convinced that the bulls had the upper hand, i.e, sell, sell, sell, because the lows 'needed be tested.' The YMZ1 11961 short was early [fade the first move, i.e., (-1) of (3, -1)]. Almost always trading from unchanged, 11976, ... 11976 + the Stretch calcuation = 11976 + 40 = 12015 (4 Nov high = 12008, seven points below the projected short, i.e., 12015). Because of the Italy and Greek crisis, started the (3) of (3, -1) triple Stretch calculation lower at unchanged, i.e., measured the (3) of (3, -1) decline from unchanged (11976), 11976 - 40 -40 -40 = 11856. There it is, the (3, -1) formula price action projection achieved, again. (See: Trading Strategies and Set Ups for the previous posts projecting price action reversals that were achieved using the (3, -1) formula).

3 November: Basis intra-day trading YMZ1 (December e-mini $5 Dow futures) was characterized as a uni-directional trading day, i.e., +210 points from the low to the close.

2 November: Basis Intra-day trading YMZ1 (December e-mini $5 Dow futures) from unchanged and targeting price rotation projections that apply 1.618% of the Stretch calculation to the (3, -1) formula (1.618% of the Stretch was applied because the Stretch was only 29 points:
11682 - 46 = 11636 (11617 = low as of 11:44PDT), i.e., (-1) of (3,-1).
11636 + 46 + 46 + 46 = 11774 [11636 + 46 + 46 + 46 + 46 = 11820 ... 11818 = high as of 11:44PDT], i.e., (3) of (3, -1).


2 - 4 November: YMZ1, (3, -1) formula , Stretch calculations:
Recently, after for most of the year, 4.25% of the Stretch closely corrolates to a daily trading range, and price action has been printing either directly or inversely by 4.25% of the range. Where the 2 November 4.25% of the Stretch calculation was 104 ... 2 November to 4 November, low to high (as of 11:05PDT), 11590 + 4.25% of the Stretch + 4.25% of the Stretch + 4.25% of the Stretch... =

11592 + 123 + 131 +170 = 12016 (NOTE: 4 November high = 12008, this price projection was four (4) points above the 4 November high, 12008 high printed at 05:33PDT, whereafter prices fell... 12014 - 4 November Stretch = 12014 - 170= 11844)
Note: From the 4 November low, 11790 (as of 07:39PDT), ... 11790 + 170 = 11960. As of 12:00PDT YMZ1 (December e-mini $5 Dow futures) have printed higher lows up to 11930. The 4 November 4.25% of the Stretch = 170 points.