Weekend Update – Are we having fun yet or what? Up 11.02% YTD

Enjoy this sneak preview – New subscribers always welcomed see top link under Blogroll on the right tool bar.2013 Alphahorn Swing System

The Alphahorn Swing System has been on fire since mid summer 2012 and the returns just keep pouring in, up a massive 11.02% after just one month of trading (all accounts were zeroed out 12/31/12).  The RUT and Financials longs are up a whopping 23%, the Energy long is up 22%, the Dow up 16%, SPX up 13%, with only one losing trade (falling victim to the GLD chop).  GLD is on a buy alert and with a gap up confirms a signal long tomorrow, but must hold 163.05 on the close for the system to stay long overnight.

I’m going to show the NYMO first tonight as it likely providing key information that can be used to confirm the count.  As I’ve been showing, only two of the three NYMO barriers were breached to the downside (see lower half of the chart below).  I noted that from here, the market could either sell off a bit more until all 3 lower barriers were breached.  Should that have happened then we could assume that minute wave [iii] and then [iv] were complete and then we could expect to see a more aggressive rally.  On the other hand should a 2 out of 3 breach rally ensue, which is what we have now, then the rally should be more short-lived indicating that the pullback was of lesser degree {minuette wave (iv)}.nymo  Thus, looking at the 30 min SPX chart I believe the 2 out of 3 breach was caused by minuette wave (iv) and that the ensuing rally has been minuette (v).  Once this rally is complete, then we should see another pullback, this time more significant in minute wave [iv].  More conservative traders should consider tightening their stops at this point.  Nothing wrong with protecting these returns.spx 30

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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