The Alphahorn Swing System continues to defy the odds, year in and year out producing remarkable and unparalleled returns.  Upon Wednesday’s close, the Alphahorn Swing System had reached its 2013 return high of 55.21%.  In spite of Thursday- Friday’s expected correction, the System remains up 50.88% YTD!!!  I’m not sure if there is a hedge fund in the world with a similar track record.  Friday’s continued correction did not have any impact on the Alphahorn Swing System as all indexes remain on Long/Buy Signals.  But, this could be a very interesting week, so stay tuned, I’ll be adding stops as the week unfolds.

The 30 min chart shows the market correction is tracking just as projected.  If this count is correct, then a final bounce for minor wave 3 is due early next week.  HOWEVER, there is an alternative count that primary wave [3] has topped.  Therefore, I will be posting stops on the System charts, make note of them and watch them. For the SPX, I’ll be exiting the long with a break below 1691, though more conservative traders should keep a close eye on the 1709 pivot that coincides with the lower channel trend line. Long term subscribers have seen my use of the NYMO chart, both daily and weekly, to call immediate and intermediate term swing changes.  What I’m watching now on the weekly NYMO chart is the 0 level.  The weekly NYMO sitting at 33.18 typically approaches or crosses 0 at intermediate tops.When you combine this with the daily NYMO chart, both seem to confirm the primary wave count, which holds there’s still more upside before the expected larger correction in primary wave [4] kicks off.  The last time the daily NYMO reached this extremely overbought level was July 2012 – just after intermediate wave (2) of primary wave [3] bottomed.  According to the primary count, minor wave 2 of intermediate wave (5) of primary wave [3] recently bottomed, the NYMO +80 high followed shortly after.  Before the top, I’m looking for subsequent lower high for the NYMO that is less than 80 and greater than 50.  Per the favorite count shown below on the daily chart, as intermediate wave (5) of primary wave [3] traces out its final legs, we should see the daily NYMO bounce to the prescribed levels as primary wave [3] finally tops in the coming weeks.  As it closes, we say a final thank you for the extraordinary profits that it has brought us!!!!!