Last Update of a Remarkably Profitable 2011

Another abbreviated post tonight, I’ll do a big post over the weekend, probably on Monday as the markets will be closed once again.  And, then next week, I’ll be back to my fully engaged mode.  The bounce today could be 1 of 3 different things.  My favorite count is supported for now by the 30 min chart above.   I believe the odds favor this bounce as [b] of 2, with [c] down to follow.  Howerver, should the recent 1269 high be taken out, the, the pullback was either a wave 4 flat with one last move up to finish primary wave [B] or, the SPX has traced out a 1,2, [i] (at 1269), [ii] and now [iii] of 3 is about to kick off.

The Alpha Swing Indicators are the same, all equities are on LONG/BUY signals, though Gold and Copper remain short.  However, I believe Gold has at least formed a short term bottom and should bounce.  The Portfolio will be looking to go long Gold on any signs of strength.

I wish everyone a very Happy and Prosperous New Year!!!!!!!!!! I’ll be back on full time next week.  Thanks for all your support, I appreciate your  business and will do my best to make 2012 as profitable as 2011.

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 Last Update of a Remarkably Profitable 2011

  1. Tony D says:

    Anyone correct me if I am wrong but I think the portfolio is still holding 2 ETF’s, TZA from before Christmas and QID from Dec 28th. For today, it looks like they are really determined to keep the three year presidential cycle hold up one more time on the S&P. Not so much on the RUT since it is now down year-to-year.

  2. Basecamp says:

    I am a new subscriber, so I may be handling stops wrong. I stopped out of QID this morning, and TZA a couple days back.

    • alphahorn says:

      read rule #2 under trading rules on the right. unless I state otherwise stops are based upon end of day prices, so the decision to stay or exit is made in the last 5-10 minutes of trading unless market conditions dictate a move earlier

  3. kaneoahu says:

    Happy New Year Alpha. Wishing you all the best in 2012 and going forward.

  4. pugsma says:

    AH best wishes for great new year in 2012 !

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