2012-08-W2

匪兵甲

雪GG周末愉快!

snowrider

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:
- EWS 15% (10%-07/30, 5%-07/31)
- XLF 22% (10%-07/30, 12%-07/31)
- QQQ 24% (24%-08/02)
- FAS 8% (8%-08/13)
- Cash 31%

The market gapped up and closed as a Spinning Top candlestick.  The intraday high of SPY today has set a new 4-year high, but SPX not.  The momentum is still going up, so we should expect a new high next week before the market tells us otherwise.  The bull is in full control of the market, and it should be able to reach our first target at 1447 next week.

Wave count (based on the purple line scenario):
07/03's high = [A]
07/24's low = [B]
07/30's high = [C].I
08/02's low = [C].II
08/07's high = [C].III.1
08/13's low = [C].III.2
08/14's high = [C].III.3._1
08/14's low = [C].III.3._2
Currently, we are in the middle of [C].III.3._3
The big wave-[C] will bring the market to at least 1447 (and 1524 in medium long term).

snowrider

Jeff

littlefish

谢谢雪大。