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发表于 2012-6-27 03:27 PM
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We sold the remaining EEM (12.5%-06/15) at today's MOC price with a little bit loss (3%+) of the purchase price. The following explains my portfolio as of today's close:
Long Term - Big troop dollar amount allocation:
- TLT 25% (10%-04/10, 15%-05/01)
- Cash 75%
Medium Term - Small troop stock holding: None
The market's rebound moved up as expected. Since the market moved up in a speedy way today and stopped at 50% fib area (1335), it could be a simple one-leg corrective wave. The daily chart seems to show an Island Reversal bottom (Monday and Tuesday with today's gapping up). However, today's volume is very thin, and it could cause the gap to get filled very quick. If the gap is filled, the reversal fails and could cause a big decline after that. Therefore, the key observation is whether today's gap will be filled within next two days.
Wave count (based on the grey line scenario):
06/04/2012's low = [A]
06/19/2012's high = [B]
06/25/2012's low = [C].I
06/27/2012's high = [C].II ???
Now we are either at the end of [C].II (simply wave) or [C].II.a (abc wave)
(Note that this scenario will become invalid if the market shows a 5-wave up movement.) |
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