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.
Be careful assuming that the rally Wednesday is the beginning of a Bear Market Rally. Yes, we should see some very impressive Bear Market Rallies, while our Economic System in the United States continues to correct the 50 + Year Credit Bubble. ShepWave has shown clearly the current trend ch...
Remember markets don't go straight down or straight up. Regardless of the fact that we are most likely in a prolonged bear market we should expect to see some very viloent strong rallies; possibly giving as much as a 50% profit 'on the ...
Good day to take some more profits off the table Monday in some of our mid term positions. But notice the charts in tonight's update; in particular the S&P 500 Chart. We could be developing a new trend channel. A quick bounce would be expected prior to this event. ...
US Equity Indexes Futures are down as of 11:00 PM ET. This sets us up for some more potential Profit Taking Monday in our current positions. Read the notes in tonight's update closely. Some profit taking targets have been adjusted.
The U.S. Equity Indexes are approaching levels ShepWave gave as targets months ago. But, are 'we' being too conservative in our targets. Read Monday's Regular Scheduled Update closely for some technical indications which have been occuring recently; yet, no one seems to even notice th...
The GDP coming in lower then even expected has the futures coming down a bit. S&P Futures down 2.2%, NDX Futures down about 1.7%...Who is the guy on TV who likes to 'ring the cash register'; I never can remember his name?
Nice move in the QQQQ Thursday. Is it time to take Short Side Profits in the QQQQ? See suggested stop/loss areas and possible Reversal BUY SIGNAL Triggers in tonight's Update. Trend Channel Traders paradise.
ShepWave cannot stress enough the importance of Objective, Disciplined analysis. Notice the trend channels we have been tracking recently for Gold and the Equity Indexes. The Cautious Trade Signal set ups are all there. See Targets as well. But be objectiv...
We saw a strong upward move in the Indexes Tuesday. S&P 500 Index managed to log in a 4% gain. But, notice the trend channel we are currently working with as shown in ShepWave Updates.
Is it time to GO LONG and look for the gap from February 17th to fill? OR i...
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