Thursday Update – up over 45% YTD

2013 Alphahorn Swing SystemNo changes again for the Alphahorn Swing System.  Real Estate remains on Alert awaiting a close below yesterday’s low.  The remainder of the indexes are still on BUY/LONG signals.

The 30 min chart has switched to an immediate term buy and thus brings the alternative count back into play.  The longer we go without a truly impulsive move down, the greater the odds that this pullback is just minor wave 4 of intermediate wave (5) and thus a final push up is still needed to complete primary wave [3].  This ambiguity is precisely why I took some chips off the table, while keeping the major indexes true to the system.  Meanwhile, YTD returns continue to impress, up 45.48%.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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