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楼主 |
发表于 2012-8-7 03:46 PM
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No trade for today. The following explains my portfolio as of today's close:
Big Troop:
- TLT 35% (10%-04/10, 15%-05/01, 10%-07/27)
- SPY 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 20%
SAC Troop:
- EWS 15% (10%-07/30, 5%-07/31)
- XLF 22% (10%-07/30, 12%-07/31)
- QQQ 24% (24%-08/02)
- VNQ 25% (25%-08/02)
- Cash 14%
The market gapped up again and closed as another Gravestone Doji again, showing more bearish sign. Today's strong open did not have a strong follow-through, and the reversal occurred right after lunch hour in the afternoon (as expected). Given the timing and price action, we suspect that a corrective wave has started. If so, the pullback target is: 1380 (0.5) or 1375 (0.618). Upside target is still 1417-1426, but it is more likely to pull back before going up.
Wave count (based on the purple line scenario):
07/03's high = [A]
07/24's low = [B]
07/30's high = [C].I
08/02's low = [C].II
Today's high = [C].III.1 (The pullback will be labeled as [C].III.2 on Thursday)
We are in the middle of a big wave [C] to 1426 (or even to 1524 in the strongest scenario).
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