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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: 3/13/2012
1. ShepWave Pre-Market / Intra Day Update for Wednesday Published 3/13/2012 9:36:26 PM
What is the rally from Tuesday telling us? Notice the trend channels that have been in place for several weeks and also notice the short term trend channels as shown in the 15 minute SPY and QQQ charts. Short term traders should be concentrating on these channels for now.
 
2. ShepWave Intra Day Update for Tuesday. Added to recent positions this afternoon. 3/13/2012 2:38:59 PM
Added to recent mid term positions today. This was an aggressive move, so use your risk tolerance and trading style when considering adding to any positions. Also note the short term strategy has not really changed.
 
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