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发表于 2012-8-21 02:41 PM
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We bought NUGT today. The following explains my portfolio as of today's close:
Big Troop:
- IWM 20% (20%-08/08)
- SPY 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 35%
SAC Troop:
- EWS 15% (10%-07/30, 5%-07/31)
- XLF 22% (10%-07/30, 12%-07/31)
- QQQ 24% (24%-08/02)
- FAS 8% (8%-08/13)
- NUGT 3% (3%-08/21)
- Cash 28%
The market gapped up, surged to 1427, failed to hold the opening gap, and then slid down and broke yesterday's low. In the end, the market closed as an outside bar. Its candlestick formation looks bearish, but not the wave count. Today's morning surge was the result of yesterday's bullish candlestick formation, and the market did set another new 4-year high in the morning session. The afternoon sliding down was to wash out small fish. The market would resume marching north again tomorrow. Observation key: the low of 08/16/2012 must not break in order to maintain this bullish scenarion.
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
08/07's high = [C].III.1
08/13's low = [C].III.2
08/14's high = [C].III.3._1
08/14's low = [C].III.3._2
Today's high = [C].III.3._3
Today's low = [C].III.3._4
The first target 1447 could be seen on Thursday to complete [C].III.3._5
The big wave-[C] will bring the market to at least 1447 (and 1524 in medium long term).
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