Ulep’s Retracement Theory in Scalar Analysis Page 1 of 2

By Ramoncito D.Ulep, CTA/CPO

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Ulep's Retracement Theory in Scalar Analysis

By Ramoncito D. Ulep, CTA/CPO

Investment Advisor

FXA USA
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October 20, 2013

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Ulep’s Retracement Theory in Scalar Analysis Page 2 of 2
By Ramoncito D.Ulep, CTA/CPO
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Ulep's Retracement Theory in Scalar Analysis states that:

As the number of successive non-retraced scalar top and/or bottom formations

increases, the random variable probability of a price reversal back to the most recent
tops and/or bottoms also increases.

The chart above shows Gold’s spot market daily chart with a 50-point scale beginning
from $950 per ounce, from September 2009 to June 2013, shows 10 out of 13 (77%
yield) markers (top and bottom formations) were retraced. It also shows that 3 out of the
first 5 top formation markers (points 2, 3, 4, 5 and 6) were retraced.