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YMZ1, (3, -1) trending formula, (3, -1), (3, -2), (3, -3) counter trending price rotation change


If you are curious about the (3, -1) formula's recent performance for November, click:
http://www.mypivots.com/board/topic/7083/-1/ymz1-3-1-formula-stretch-2-3-4-7-8-9-10-11-and-14-nov-2011

... or for the (3, -1) formula's results for the latter half of October click:
http://www.mypivots.com/board/topic/7033/-1/ymz1-3-1-formula-stretch-price-rotations-oct-6-13-14-17-18-19-24-25

My two good eyes are recognizing a trend changed from the (3, -1) formula to the counter trend aspect of the same formula:

[(3, -1), (3, -2) and (3, -3).]

15 November: Basis trading YMZ1 from unchanged and applying the Stretch calculation (or 1.618% of the Stretch) to the (3, -1) formula, the strategy would have been stopped out if the first move away from unchanged, 12060, was faded. 12060 - 58 = 12002. 11916 was the print low.
This is indicative of a change in the price pattern characteristics for the YMZ1 (December $5 Dow futures), which may, if past is prologue, may be consistent when contract expiration is a few weeks away.
The (3,-1) trending formula didn't work. However, the (3, -2) part of the counter trending may be developing.
First, measuring from the 14 Nov 12:00PDT low, 11985, 11985 + 94 = 12079 = one tick below the early A session high, which defined resistance because there were no buyers above 12080. The 1.618% of the Stretch calculation for 15 November was 93. One tick and then a reversal. That is the alternate method for calculating a level to fade which is usally applied to a Stretch from unchanged, but in this case stood as resistance withing one point of that 1.618% of the Stretch price projection from the 14 November 12:00PDT low, 11985. The 12079 print corrected 60 points (15 Stretch = 58 points) and reversed to print the 15 November A session high, 12080. From 12080 YMZ1 prices fell 164 points (151 points = 2.618% of the Stretch, which I believe is the beginning of the counter trend sequence, in this case (3, -2)). Low print = 11916. 12080 - 164 = 11916. From 11916 YMZ1 prices rallied to 12129. 11916 + 58 + 58 + 58 = 12102. 12129 = high 15 November.

There in lies the (3, -2) part of the counter trending formula, i.e., (3, -1), (3, -2) and (3, -3). [(3, -1) is the trending aspect of the formula.
In summary, unchanged - 2.618% of the Stretch = 12060 - 11909 (Low = 11916). Whereafter YMZ1 prices rallied ... 11909 + 58 + 58 + 58 = 12083. High = 12129 for 15 November.
Namaste