Thursday Update

2013 Alphahorn Swing SystemThis is the last post for February, new passwords will be going out before the next post.  It’s time to either renew or sign up for March.  The market is getting quite interesting,  a good number of bloggers have been calling for a top for some time, yet the markets seem to keep pressing forward to new highs.  The Alphahorn Swing System has had a nice opening to 2013, currently up 10.70% year-to-date.  It is predominantly long, but does have a couple of short hedges at the moment.  There were no changes today for the System.  The RUSSELL and SILVER remain short, while the remaining indexes are long.

The 30 min chart shows the favored count that wave (i) of [v] of 3 of (3) of [3] concluded today and wave (ii) is underway.  Wave (ii) should trace out the right shoulder of the inverse head and shoulders, then if this count is correct, wave (iii) should break through the neckline confirming the bullish pattern with a target of 1365ish.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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