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发表于 2012-7-17 05:04 PM
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No trade for medium- and long-term position today. 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 35% (10%-07/05, 15%-07/06, 10%-07/11)
- Cash 40%
Medium Term - Small troop stock holding:
- FAS (07/16)
After gapping up open, the market violently washed back and tested 1345. The market then quickly moved up and penetrated 07/10's high. It closed as a standard hanging man candlestick formation, so we cannot rule out the possibility that the market could wash one more time tomorrow.
Wave count (based on the latest purple line wave count):
06/19/2012's high = [A]
07/12's low = [B]
07/13's high = [C].I.1
Today's low = [C].I.2 (This wave-2 is in an irregular correction format.)
Tomorrow: If it gaps up to open, we will see wave-I.3 a long red hollow candlestick!
Tomorrow: If it gaps down to open, today's low will be breached.
(Note that this scenario becomes invalid if the market shows a 5-wave down movement.)
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