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Elliott Wave Theory stock market technical analysis. Major U.S. Indexes.
Specializing in QQQ and the DIA analysis and trading. QQQ and DIA Options trading.
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Blog entry date: 1/21/2009
1. ShepWave Updates Published. See Short, Mid and Long term targets for indexes. 1/21/2009 11:37:46 PM

Impressed by Wednesday's rally?  Be careful.... remember that bear market rallies, while sometimes fierce and quick and very profitable for short term traders, can be a trap for 'most' traders.  But, 'was' Wednesday's Rally a 'bear market rally' or the 'real thing'?

The Reg...

2. ShepWave Update Published. Fibonacci Extension and Retracement targets. Will the DOW regain the 9,000 mark? Can it stay above 8,000 for long again? 1/21/2009 12:35:45 AM

Since our SELL SIGNAL last week from the one day 'Island Reversal' we have seen the indexes sell off a bit.  Pretty much a 'no brainer'. But remember markets don't go straight up or straight down.  In tonight's Update you will find some additional VIX (Volatility Index for NYSE) trigger...

 
 
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