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发表于 2012-9-24 05:08 PM
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We sold the following stocks today: QLD, FAS, TBT, NUGT, and half of IWM. The following explains my portfolio as of today's close:
Big Troop:
- EFA 20% (15%-09/06, 5%-09/13)
- EEM 30% (20%-08/31, 10-09/13)
- IWM 10% (10%-08/08)
- SPY 30% (10%-07/05, 10%-07/11, 10%-07/24)
- Cash 10%
SAC Troop:
- ERX 10% (10%-09/07)
- SSO 24% (24%-09/06)
- Cash 66%
The market gapped down right above late Thursday's low and climbed back up to match last Friday's close. The candlestick combination of these two days confirming again that the market is in a trading range: 1450 - 1467, and the center line of this range is at around: 1457-1460. Still, there is no clear direction in short term because the market is confined inside a trading range that is pressured by short term bears and is supported by medium term bulls.
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
09/27's low = IV.c
We are at crossroad between purple line and grey line scenario:
Purple: The market will pull back and reach at 1445 (0.382) or 1436 (0.5) on 09/27 (Thursday) to complete wave IV.c. After that, wave V bull run will start and head to 1485 or 1496.
Grey: The market will start going up to 1528.
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狗仔卡
发表于 2012-9-24 03:00 PM
发表于 2012-9-24 03:00 PM
