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楼主 |
发表于 2012-8-24 02:42 PM
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No trade for 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:
- XLF 22% (10%-07/30, 12%-07/31)
- QQQ 24% (24%-08/02)
- FAS 8% (8%-08/13)
- NUGT 3% (3%-08/21)
- EDZ 8% (8%-08/22)
- Cash 35%
The market opened below yesterday's low but closed as an outside bar. The candlestick pattern looks bullish, but actually not because today's volume is not high enough to confirm a reversal. I would rather see today's up move as a bull trap, and the market is still in consolidation phase in short term.
Wave count (based on the purple line scenario):
07/03's high = [A]
07/24's low = [B]
08/21's high = [C]
Today's low = [D].A
We will see [D].B at around 1416 next Monday morning, after that a week-long decline ([D].C) will occur. The target of [D] down wave is 1378 (0.5) before Labor Day.
After this wave-[D], we will see a wave-[E] to 1475 to complete the bull market.
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狗仔卡
发表于 2012-8-24 07:47 AM
发表于 2012-8-24 08:14 AM
