ShepWave Pre-Market / Intra Day Update for Friday Published. Stock Market Technical Analysis. Elliott Wave Theory.
by ShepWave.com
Posted: 10/3/2008 00:06 EST
No Need for final notes on today's action
SHORT TERM TRADERS: IF you followed the Intra day Notes today then you SHOULD HAVE made some money and are in very good shape.
See it really isn't all that complicated.
But for those trying to 'predict' reaction to NEWS ITEMS..... well, some of them never learn I guess. That's why they have so many Financial News Programs.. so they can all 'sweat' together. (LOL).
Enjoy your weekend; knowing you have pocketed a LOT of profits this week {again} should make it easy to relax. I will publish the Regular Scheduled Update for Monday Morning sometime this weekend.
More critical Intra Day Notes have been added to today's Intra Day Update at 11:47 AM ET.
A couple of important technical points are shown:
Read the new notes in the 5 min QQQQ Chart regarding Targets and possible STOP/LOSS mark regarding the possible 'Wave Formation' for this short term move.
ALSO; Notice the Trend Channel as recently formed shown in the 60 min DOW Industrials Chart.
GO to www.shepwave.com for today's Update.
Intra Day Notes posted at 10:30 AM.
Go to http://www.shepwave.com/ for today's Intra Day Notes.. Especially the notes concerning the Trade Signal for today as shown in the pre-market update. Triggers... Targets... are shown. AND; IS it safe to leave LONG SIDE Positions Open over night YET?
ShepWave has taken a LOT of profits AGAIN (Thursday Afternoon). We have some positions still open. Just a few.. and as mentioned in tonight's update we may keep these open as somewhat of a 'hedge'. BUT, if you are looking to BUY this market then read tonight's update closely. I show a possible BUY SIGNAL for 'nimble' traders. Entry Trigger Point and Ideal Target is Shown. Read the notes in tonight's Update CLOSELY.
Go to http://www.shepwave.com/ for the Pre-Market / Intra Day ShepWave Update for Friday.
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
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.
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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
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Reference: Shepwave.com is a technical analysis site for the Major U.S. stock indexes. We use Elliott Wave theory along with our proprietary indicators to give analysis for the Dow Industrials, Nadaq 100 and S&P 500 indexes. We specialize in trading the QQQ and DIA. |
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