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发表于 2012-7-11 04:30 PM
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We bought some SPY 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: None
Today's candlestick was a pin with a medium size lower shadow. Today's low hit the 0.618 of SPY wave-I and its ascending trend line, while yesterday's low hit those of futures index. 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
07/10's high = [III].II.b
Today's low = [III].II.c -> It completed the wave-II? If so, it should not be breached! It could be a gap up opening and a long red hollow candlestick tomorrow.
(Note that this scenario will become invalid if the market shows a 5-wave down movement.)
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