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YMH2, (3, -1) formula no, 4.25% Stretch reversal, 10 January 2012


Hi,
10 January unchanged to high =126 points. 123 points = 4.25% Stretch.

10 January 2012: Basis YMH2 (March $5 Dow futures), basis intra-day trading from unchanged, prices rallied 126 points and reversed (4.25% Stretch = 123, ... 4.25% of the Stretch price moves ...have been repeating directly or inversely this past year, and almost always with 1.618% corrections after the first 4.25% Stretch price move). Fading that 4.25% price extension was a price reversal measuring objective risking $20. Here are the price rotations,... +4.25%, -2.618%, +Stretch, -Stretch as of 12:45PDT (30 minutes before the close).

Stretch = 29
1.618% Stretch = 46
2.618% Stretch = 75
4.25% Stretch = 123

10 January Price rotations:

9 January settlement: 12337

10 January low = 12327 to high = 136
10 January high 12463
Opening rally to high.
Low + 4.25% Stretch = 136, ...
Unchanged + 126 = high, 12463
12463 - 47 = 12416 (51 = 1.618% Stretch)
122416 + 45 = 12461 (51 = 1.618% Stretch)
12461 - 74 = 12387 (75 = 2.618% Stretch)
12387 + 33 = 12420 (29 = Stretch)
12420 - 37 = 12383 (settlement: 12390)