Tuesday morning update

The break above 1354.36 all but confirms that I was correct and that a new high will follow before any meaningful pullback.  The NYMO signal has been golden of late.  The question remains which count is correct. I favor one of the two diagonals, but is it an ending or a leading?

TNA up 3.2% TODAY, FAS up 2.5% TODAY, are you long these?

Those left behind, look at 1347ish for an entry

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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8 Responses to Tuesday morning update


    Must have missed it. When was TNA mentioned??

  2. Tony D says:

    I’m long TNA and loving it. Thanks Alpha for saving me from going short when I was tempted.

  3. flexibello says:

    Agreed! Thanks for walking us through the rough times! 🙂

    Well, leading or ending, I am not sure I want to be on that 78.6% retracement train anyway. 🙂

    Alpha, what do you think would be a good strategy to protect profits at this point? I do not remember where I read that market tops happen peacefully while market bottoms are usually very violent. If true, I guess watching MACD for negative divergences might help?

  4. vidosole says:

    Hello Alpha,

    a new subscriber here. Please let me know how to enter password protected posts.

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