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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: 5/27/2009
1. ShepWave Pre-Market / Intra Day Update for Wednesday Published. Rally back? 5/27/2009 1:08:56 AM

According to Elliott Wave Theory the 'purpose' of a wave 2 rally is to bring back the sentiment of the previous rally.  Did the Consumer Confidence spike Tuesday 'do' just that?  See trend channels and the Trigger Targets to either confirm or negate the Bullish move we saw Tuesday.

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