I ended buying back the short positions I sold in the morning at 1055. I think there is a bit of confusion as to which Minor count is correct thus I am debating whether if today an A wave ended at 1059 and now we're on to B or this was an W4 on the aggressive bearish count. To be safe I will be adjusting my stops to break even as soon as we get a Fib retrace. If this is a 5th then it will most likely be impulsive towards the sub-1040 area. If this is an ABC, we'll see 1059 taken out after the B retrace.
Portfolio 1:
Covered 1/2 shorts at 1041 and bought them back at 1055.
Portfolio 2:
Covered all shorts at 1042 and bought them back at 1055.
As an aggregate the combined return is aprox 16% since inception 07/2010 vs -1% for the S&P 500.
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