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发表于 2012-7-20 07:14 PM
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本帖最后由 snowrider 于 2012-7-20 07:15 PM 编辑
We bought EDC 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 35% (10%-07/05, 15%-07/06, 10%-07/11)
- Cash 40%
Medium Term - Small troop stock holding:
- FAS (07/16)
- TQQQ (07/18)
- EDC (07/20)
The market went down with a gap unfilled. We don't know if it is just a dip or a heading south. Yesterday's doji looks like an evening star now. In short term, the bear is in control of the market, while the medium and long term are still looking bullish.
Wave count (based on the purple line wave count):
06/19/2012's high = [A]
07/12's low = [B]
07/13's high = [C].I.1
07/07's low = [C].I.2
07/19's high = [C].I.3
We are in the middle of [C].I.4. If next Monday the market does not go up for [C].I.5, the bull is in trouble.
(Note that this scenario becomes invalid if [C].I.2 is erased.)
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