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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: 12/1/2009
1. ShepWave Pre-Market / Intra Day Update for Wednesday Published. 12/1/2009 10:46:29 PM

Yes it is true that the series of 'gap ups' and 'gap downs'  (Island Patterns) recently could be indicative of the markets possibly reaching a 'key top'.  (Remember October 2002?) However, there is still reason to be cautious entering into very Bearish positions. With that being said, a...

 
 
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