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发表于 2012-8-2 03:48 PM
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We liquidated ITB and XHB today with trivial loss. We also bought QQQ and VNQ 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 dipped to 1355 just right above the 0.618 pullback (1329-1392). It gapped down and closed as as a long legged doji with significant volume. We want it to have an high open tomorrow to make an upside attempt. We don't call buying dips anymore because the dip has fulfilled. Now we want to watch out and control the risk.
Wave count (based on the purple line scenario):
07/03's high = [A]
07/24's low = [B]
07/30's high = [C].I
Today's low = [C].II ???
We are in the middle of a big wave [C] to 1426 (or even to 1524 in the strongest scenario).
(Note that this scenario will not be valid if the market ever: 1. close below 1353, or 2. falls below 1329)
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