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发表于 2012-6-18 03:35 PM
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No trade for medium- and long-term position today. The following explains my portfolio as of today's close:
Long Term - Big troop dolloar amount allocation:
- TLT 50% (10%-04/10, 15%-05/01, 10%-05/09, 15%-05/10)
- SPY 25% (10%-06/11, 15%-06/12)
- EEM 25% (06/15)
Medium Term - Small troop stock holding:
- TQQQ (06/11)
- FAS (06/12)
Today's low open served as the corrective wave of the upward implusive wave since last Wednesday. We could label the downward move before 10 AM as wave-III.4. (Note that the market often breaks out a resistance with the third wave of an implusive wave structure.) Tomorrow hopefully, Russell 2000, the weakest index today, can catch up with the momentum of other indices, by showing a decisive breakout or a breakaway gap on the neckline (with wave-III._5). Our short term target for this bull run is: 06/19/2012 and 1374. Buy dip if we are lucky to have the wave-4 in abc mode. (Note that this scenario will become invalid if the market falls below the head - 06/04/2012's low). |
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