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发表于 2012-6-5 03:29 PM
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本帖最后由 snowrider 于 2012-6-5 15:32 编辑
No medium or long term trade today. The following explains my portfolio as of today's close:
Long Term - Big troop dolloar amount allocation: TLT 50% cash 50% (no change)
Medium Term - Small troop stock holding: EDZ
The market has been climbing (slowly with light volume) up from yesterday's low in an ABC format. It is still in the consolidation mode. Today's day high, right before the market closed, touched the 0.382 fib ratio of wave-_3 (measured from 05/31/2012's hi to yesterday's lo). I would guess that this wave-_4 correction has finished. Tomorrow could be another big slaughtering down day for the wave-_5, sending the market to below 1250 (specifically to 1235). Again, the stock market's bear run is far from over! DO NOT buy any dip! (Note: This scenario will be void if there occurs a long hollow red candlestick.) |
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