I have to admit that I was totally wrong...
Think back, I realized that I have missed a quite large movement. Just do not have the gut to chase. Need to learn from Snowrider laoda.
Long Term - Big troop dolloar amount allocation: TLT 50% cash 50% (no change)
Medium Term - Small troop stock holding: EDZ, FAZ, TZA (no change)
The market closed near day low again today, with same trick as what it did everyday in last few days, the market sucked and trapped more bulls (again) in the morning before moving down in the afternoon. The weekly chart closed as a long solid black candle bar - very bearish in long term view.
If the current preferred wave count is correct, a 3._3.__3 wave is underway. We will see a big gap down and with a killing collapse very soon (next Monday?). Remember that this bear run is far from over! DO NOT buy into any dip!