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楼主 |
发表于 2012-9-28 05:42 PM
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No trade for today. The following explains my portfolio as of today's close:
Big Troop:
- EFA 10% (10%-09/06)
- EEM 15% (15%-08/31)
- SPY 20% (10%-07/11, 10%-07/24)
- Cash 55%
SAC Troop:
- Cash 100%
The market closed as a doji inside the range of last two days, contained by today's upside gap and yesterday's lower gap. We will see a clear direction next week. The market will decide what direction to take by breaking out the flat range (1430-1450): 1. The market resumes its long term uptrend by going above 1450 (purple line). 2. IF the market goes below 1430, the big picture becomes very bearish.
Wave count (based on the purple line scenario):
06/19's high = [A]
07/24's low = [B]
08/21's high = I
09/04's low = II
09/14's high = III
09/20's low = a
09/21's high = b
09/26's low = IV.c
09/27's high = 1
09/28's low = 2
10/02's high = 3
10/04's low = 4
10/08's high = V.5 (1490)
Wave-IV.c seemed to have finished. We are in wave-V bull run to 1485-1490 to end the bull market. I will be away from the market starting next Wednesday for couple weeks. If you have any question, I'll try to find time to answer as possible as I can.
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