Weekend Update

The Alphahorn Swing System is now up over 30%.  It is accomplishing exactly what it was designed to do.  It captures and rides impulsive moves.  It may suffer some choppy trades during wave four triangles or other very choppy corrective periods, but when the market choses a direction, it is typically on board from the beginning and doesn’t typically exit on traps in either direction.  Why I ever got side tracked with wave counts and other immediate term indicators is beyond me.  I spent a great deal of time developing this system just so to avoid subjective methods such as wave counts.

As I’ve mentioned, as the $ shows signs of near term weakness, the commodities correspondingly are showing signs of strength.  These indexes are near signal changes, the Gold index almost confirmed a long on Friday, but only 1 indicator is currently bullish, the 2nd required indicator broke back down to bearish before the close.  Should see some action though next week in these areas.  For now, just follow the system it’s producing!

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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