ShepWave Critical Updates Published. Stock Market Technical Analysis. Elliott Wave Theory.
by ShepWave.com
Posted: 10/1/2008 23:56 EST

 ShepWave took some more profits 'off the table' today. (Thursday Afternoon)

Took $9.51 profit in QQQQ (related) Trade.

Managed to only take 11 cents profit in PMCS trade.  (This was not a good trade; see today's notes on this position.)

 Took 193% profit in QQQQ Options play.

Took $16.40/share in QID Trade.

We have not closed out all of our positions.  BUT, we are looking to add to the current positions.  See Updates for expected market movement and potential targets.

IS it safe to Go Long yet?  Can traders 'hold' Long Side Positions open overnight YET?

Go to http://www.shepwave.com/ for today's Profit taking trades.

Intra Day Charts have been refreshed.  Today's Intra Day Update gives 'some' detail as to a possible short term Elliott Wave Theory count and action.  IT has been a great year of trading at ShepWave.com.  BUT, remember to take profits when YOU need to.  CURRENT POSITIONS Way in the Black.  Try to resist using ShepWave as a 'black box' trading system.  Our goal is to 'teach' wave theory and charting analysis. 

Also; read the Regular Scheduled Updates for last Monday and This Morning. We are possibly dealing with some 'new technical rules' in the markets; especially in regards to Mid to Longer Term Targets and in using the VIX (Volatility Index for NYSE).

Go to www.shepwave.com for today's Intra Day ShepWave Update.

Senate Passes Taxpayer {to} Bail Out {WallStreet} Plan.  BUT, futures are down.  Now what are the 'television pundits' going to blame market action on?  What happened to the inverse relationship between Crude and the indexes?  (LOL)

Expect some volatile markets in the upcoming weeks/possibly months.

In the Regular Scheduled ShepWave Update for Thursday we cover the longer term view of the Dow Industrials Index.  Our targets are getting hit which were issued last year.  Tonight's update shows some critical long term technicals which may cause us to reevaluate our targets.  Yes, our targets are getting hit.. but we may be in a stronger trending market then even we anticipated.  Remember it is important to watch every wave movement and to analyze the action to give further confimation and targets for market action.  

So, now what? 

Time to start 'Betting the House' to the Long Side?  Notice the upward retracements have been 'nailing' the technical targets and quickly reversing.

You can't make this stuff up?  

Go to www.shepwave.com for tonight's Critical ShepWave Updates.

Stay Objective, Do not feed in to the emotion of financial television programs!!!

Tip of the recession iceberg
Economists say further weakness is lurking just out of sight, with the first glimpses likely visible in next week's data.

The U.S. bailout effor
Bush: Economy in peril
President uses TV speech to urge quick action, bipartisan support  for $700 billion bailout plan.

FALLOUT| Subprime Today
Superpower no more?
American dominance likely to erode as global financial system becomes "more multi-polar," German minister says.

GENERAL ELECTRIC
Blue chip slashes 2008 profit view
Conglomerate takes full range of actions, including halting stock repurchases to retain AAA rating and lowering financials leverage, but management also vows to hold dividend steady through 2009.

The Mortgage and Credit Crisis in the United States 8/4/2008 4:00:00 PM

Why 'Bye, Bye Bears' Means Just the Opposite 8/1/2008 3:45:00 PM       U.S. MARKETS Finally, June's over Mixed session ends worst June since Great Depression, with Dow eking out a small gain. S&P 500 ends on  upbeat note, but Nasdaq loses 1%.   U.S. MARKETS 1st quarter: Steepest decline in 5 years U.S. equity indexes snap three-day losing streak with Monday's advances, yet they finish the first quarter of 2008 with the markets'  steepest declines in the past five years For trading strategies, Trade Signals, Triggers, Targets, Charting and Elliott Wave Theory Analysis go to http://www.shepwave.com/   Go to www.shepwave.com for Updates.  Trend Analysis, Elliott Wave Theory, Fibonacci Retracement and Fibonacci Extension Targets, Trade Triggers and Targets shown. QQQQ Trade Signals.    Stock Market Technical Analysis.  Elliott Wave Theory. ----------  Purchase a Subscription to Shepwave.com   Starting in August ShepWave began Publishing Intra Day Updates with short term analysis 'mainly' concentrating in the QQQQ but also showing the other indexes and individual Stock analysis.  This EXTRA service will have an additional charge to the Regular ShepWave Subscription eventually.  Those already Subscribed to ShepWave will be EXEMPT from any additional charge for this service when it is added in the future.     ShepWave provides the Services listed below for Less than $20/Month   Short, Mid and Long term Trading Analysis with Trade Entry Signals, Strategies, and Targets Regular Scheduled Updates Published by Market open on Monday and Thursday.  Intra Day Updates for QQQQ, DOW,S&P 500 and selected individual stocks most every day. Our purpose is to not only show potential trade set ups and the management of those trades but to TEACH objective disciplined methods of trading for any time frame. QQQQ Trend Trading. QQQQ Options. Trading Stock Options. Dow Industrials, S&P 500, Nasdaq Indexes, QQQQ, DIA and Selected Stocks Analysis Email Notification of reports and trades if desired     Trend Trading, Trend trading stocks, market trends,stock trends,stock market technical analysis, stock market timing,qqqq, qqqq options, qqqq trading,options, options analysis,stock options, trading options,trading stock options ,stock market technical analysis          Feed Shark Blog Listings Blog Directory   Directory of Finance Blogs Blog Listing stock market analysis stock market stock trading qqqq qqqq trading elliott wave theory Turbo Tagger elliott wave theory market timing stocks trend trading qqqq trading options trading Turbo Tagger Technorati Profile forex trading currency trading trading software foreign exchange currency forex software forex trading software Turbo Tagger forex trading forex trading currencies forex trading software forex free trial forex analysis Turbo Tagger power shares qqq powershares qqq qid qid trading qld trading gld Turbo Tagger     stock market stock market technical analysis technical analysis stock market timing market timing stock technical analysis Turbo Tagger   Stock Market Technical Analysis.  Elliott Wave Theory stock market technical analysis options trading elliott wave theory wave theory qqqq analysis Turbo Tagger

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