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YMZ1, (3, -1) formula, early offset 9 Dec 2011


Hi,
‎9 December: (3, -1) strategy basis YMZ1 (December $5 Dow) holding short 12065. Rational: Basis intra-day trading the (3, -1) formula, fading the counter trend first move by the Stretch calculation and measuring three Stretch calculation price moves lower. An early offset is up for consideration. Thereby, .... (-1) of (3, -1) = 12012 + 56 = 12066 (12073 = high). 12066 - 56 - 56 - 56 = 11898. Covered 12065 YMZ1 short at 11966 (23:07PDT).
Offset rational: I'm going to sleep. lol.
1.618% Stretch correction from the high, 12073, down to the 8 December low, 11957, could easily hold initial support. (Note: unchanged + Stretch faded = 12066 = 12012 + 56 = 12066).
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