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发表于 2012-7-10 04:00 PM
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本帖最后由 snowrider 于 2012-7-10 04:01 PM 编辑
Today we sold TQQQ (with 1.8% small loss of the purchase price), and we also sold TNA (with 2.3% small loss of the purchase price). The following explains my portfolio as of today's close:
Long Term - Big troop dollar amount allocation:
- TLT 25% (10%-04/10, 15%-05/01)
- SPY 25% (10%-07/05, 15%-07/06)
- Cash 50%
Medium Term - Small troop stock holding: None
The market did gap up at open but slid down to close the opening gap before noon, which was a bearish price action. Moreover, the market went all the way to break yesterday's low and formed a bearish outside bar. Today's low hit and held at the upward trend line (06/04, 06/25), and it was also the 0.618 fib area of the wave-I. Since today's low is so critical, the key observation price for next few days will be today's low.
Wave count (based on the purple line wave count):
06/25/2012's low = [II]
07/03's high = [III].I
07/09's low = [III].II.a
Today's high = [III].II.b
Today's low = [III].II.c -> It completed the wave-II? If so, it should not be breached!
(Note that this scenario will become invalid if the market shows a 5-wave down movement.)
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狗仔卡
发表于 2012-7-10 05:05 PM
发表于 2012-7-10 05:19 PM
