Update

Taking profits on the 2 long ETFs for the DOW and SPX: out of UPRO @ $109.54 and UDOW @ $66.25.  Will let you know when the bearish ETFs are entered for those indexes

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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2 Responses to Update

  1. lakeozonia1 says:

    very well done, I’m a big fan of playing b wave corrective moves, very quick and profitable outcomes….i was expecting this move to only be the….”a” wave of b with c to follow, but with this move pushing the 61.8 it fits better as all of b….again,
    spot on in my book

  2. alphahorn says:

    it might still turn out to be the a wave as you suggest, but once my targets are met, I’m content with exiting

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