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发表于 2012-9-27 05:04 PM
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No trade for today. The following explains my portfolio as of today's close:
Big Troop:
- EFA 10% (10%-09/06)
- EEM 15% (15%-08/31)
- SPY 20% (10%-07/11, 10%-07/24)
- Cash 55%
SAC Troop:
- Cash 100%
The market gapped up without filling up the gap of yesterday's close, showing some degree of its internal strength. Since we are in a short term corrective wave that is inside the up-moving long term one, the correction seemed completed yesterday given today's price action. Tomorrow will be a big day: 1. IF the market gaps up above today's high, it will surge (the purple line). 2. IF the market gaps down below 1440, it provides a good opportunity to buy dips (, but remember that the long term trend is still up unless 1426 fails to hold).
Wave count (based on the purple line scenario):
06/19's high = [A]
07/24's low = [B]
08/21's high = I
09/04's low = II
09/14's high = III
09/20's low = a
09/21's high = b
09/26's low = IV.c
Wave-IV.c seemed to have finished. We are in wave-V bull run to 1485 or 1496 to end the bull market. I will be busy next few weeks. If you have any question, I'll try to find time to answer as possible as I can.
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