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楼主 |
发表于 2012-6-11 03:37 PM
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We sold SPXU that was bought last Friday with 2%+ loss of purchase price. We also bot TQQQ and SPY today. The following explains my portfolio as of today's close:
Long Term - Big troop dolloar amount allocation: TLT 75%, SPY 10%, cash 15%
Medium Term - Small troop stock holding: TQQQ
The market has been following the scenario-1 (see last week's My Trade comments) with a brief touch of 1335 and then a sharp reversal. If the scenario-1 is the one that the market is going to take, wave-1 up has finished, and wave-2 is underway. This wave-2 pullback is going to form the right shoulder bottom of the Inverse Head and Shoulders (left shoulder - 05/18, head - 06/04), so it is the good opportunity to establish long position in the end of wave-2. (Note that this scenario will be invalid if the market falls below the head). |
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