Monday Update

The Alphahorn Swing System continues to be long for all indexes as we head into the Christmas break. The strengthening in precious metals and the relative weakening in first Real Estate, and now semiconductors and financials could be pointing to some year end profit taking in the coming days. A short trading day on Christmas Eve. I’ll look to close out the year some time this week and move to all cash as we head into the New Year. Happy Holidays everyone.

The wave count remains the same as the blue count looks for subminuette wave iii of minuette wave (iii) of minute wave [v] of minor wave 3 of intermediate wave (3) of primary wave [5] to conclude. Below are the close up and big picture views of the favorite count.

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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