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发表于 2012-7-25 03:53 PM
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No trade for medium- and long-term position today. 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)
- SPY 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 30%
Medium Term - Small troop stock holding: None
We had an inside pin candlestick today. Still, the market is under the pressure of the Three Black Crows in the past three days, but it is also supported by upward trendlines. The overall market sentiment (on most trading forums) has been very bearish since last Friday, so I would rather bet on the bullish side. We have two choices for the bear's ending points: yesterday's low or 1309.
Wave count (based on the latest purple line with a little bit update):
07/03's high = [A]
07/12's low = [B].A
07/19's high = [B].B
07/24's low = [B].C ??? (If that 50% fib area is breached, next possible point is 1309.)
We are in the middle of a big wave [C] to 1429.
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