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)
- Cash 75%
Medium Term - Small troop stock holding: None
Today's gap-up and surge all the way to close sent us a very bullish signal. The market washed back and forth the past few weeks. The oscillation finally came to a narrow range yesterday. I was thinking to take action today or next week once the market broke out that narrow range. It turned out that the market insiders did not even give me a chance to load ...
Wave count (bullish count):
04/02/2012's high = [[A]]
06/04/2012's low = [[B]]
06/11/2012's high = [[C]].[I]
06/25/2012's low = [[C]].[II]
We are in wave [C].[III].I.3 now ... very bullish!
(Note that this scenario will become invalid if the market shows a 5-wave down movement.)