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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: 1/22/2010
1. ShepWave Pre-Market / Intra Day Update for Friday. 1/22/2010 1:12:42 AM

Notice in the charts ShepWave has been using where the low for the SPY was Thursday. (You can't make this stuff up.) Also, notice that the Dow Industrials index may be a leading indicator.  The only problem with that is the short term (15 minute) charts of the QQQQ are not distinctly bearish...

 
 
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