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楼主 |
发表于 2012-10-1 05:16 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, pierced through 1450 resistance, failed to hold, and got set back to 1440-45. It closed as a Inverted Hammer with mid-size Upper Shadow - a bearish sign for short term. Now we have two observation points: 1. today's high (1457), and 2. last Friday doji's low (1435/36). Before breaking out one of those two points, the market stays in range trading. Breakout of 1457 will bring the market to challenge last month's high. Falling below 1435/36 will bring the market to 1413.
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
09/27's high = 1
10/01's low = 2
10/03's high = 3
10/04's low = 4
10/08's high = V.5 (1490)
We are in wave-V bull run to 1485-1490 to end the bull market.
Alternative count (based on the purple line scenario):
09/26's low = c
10/01's hight = x
10/04's low = IV.c (of abc where the previous abc is of a lower degree)
10/10's low = IV.c (of a second abc to form double three)
In this case, the correction ends at 1413.
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