Some wkly stuff:
Date/date, low/high, range, PM (percent movement)
09Mar/13Mar, 25.63/28.84, 3.21, 12.2%
16MAr/20Mar, 28.19/30.20, 2.01, 7.0%
23Mar/27Mar, 29.66/31.46, 1.80, 6.2%
30Mar/03Apr, 29.62/32.40, 2.78, 9.0%
06Apr/09Apr, 31.21/33.01, 1.80, 5.6%
4cast
13Apr/20Apr, 32.32/35.83, 3.51, 10.6%
Let's use the lowest PM over the last five wks, 5.6% and extrapolate, shall we?
Wkly 4cast stuff:
Pivot, 32.94
High, 32.94 x 1.056 = 34.78
Low, 32.94 x 0.944 = 31.09
Range, 32.94 x 0.056 = 1.84
PM, 5.6%
As you can see it's really quite easy to prognosticate and prosper accordingly?
We'll watch price action and if our 32.32 low HOLDS we can look forward to prices that tag 34.12 at the very least!?
Interestingly enough we posted about the 34.10 area being significant since it represented the +14.2% YTD up move! This is relevant because the YTD low, 25.63, represents a down -14.2% move and we expect a equal move up to tag the YTD +14.2% mark as well?
Thus, we have TWO key components supporting a move to 34.10/34.12 at the very lest, the +14.2% YTD up move, and the wkly 5.6% PM calculation based on a 32.32 low?
In Summary, these are simple math calculations along with a little data collected and discerned in a manner worthly of our attention, yes!?
Now, let's get in dare and show da-Boyz how to be, well, "Humbled", or NOT!?
Good trades ALL!
btw... I don't like to give such detailed analysis since many play-ar's take it and use it as if it were their OWN stuff, whatever, now they know just enough to be, well, FREAKIN DANGEROUS, LOLOLOLOLOLOL!