ShepWave Pre-Market / Intra Day Update for Monday Published. Dow Futures ROCKETING.. Is the rally back? DOW 20,000?
by ShepWave.com
Posted: 10/13/2008 00:52 EST

Important INTRA DAY NOTES added at 10:00 AM. Subscribers log in.

SOLD  the options play entered on Friday  for 25% Profit this morning.

NEW POSITION entered this morning.

Nice Gap Up.. Is it safe to BUY IN to this gap?

Go to http://www.shepwave.com/ for today's Intra day Shepwave update showing exact details of today's trades

Now more than ever I cannot stress enough the importance to  leave emotion OUT of our trading.  The Futures are up BIG as of 12:45 AM ET Monday Morning.  We have had a lot of volatility recently.. and in the recent picture of things; the fact that the Dow Futures are up almost 300 Points really doesn't amount to much considering the big downward move we have seen.  The idea here is to watch the key trigger areas as shown in tonight's update and to STAY OBJECTIVE.

Go to http://www.shepwave.com/ for the Pre-Market / Intra Day ShepWave Update for Monday.

The Dow Industrials lost over 18% last week, the S&P 500 index did about the same and the Nasdaq Composite Index lost over 15%.  The market rally which lasted Five Years has almost been retraced completely for the Dow Industrials Index in ONE YEAR.  From the all time high of October 2007 to this past Friday's low was a 44% MOVE.  The lnks below  are a sampling of ShepWave Updates over the past year.

Click Here to View the ShepWave Published Report from October 11,2007.  When the Dow Industrials Index was still over 14,000.

Click here to read the ShepWave Update from May 26,  The Last week the Dow Industrials Index saw 13,000.

Click here to read the ShepWave Update from August 21 when the Dow was at the 11,400 area.

ShepWave subscribers should have made a lot of money over the past year.  In fact we still have 'some' short side positions; the only difference is that now we are hedging these positions a bit. 

There WILL BE A RALLY... at some time.  Every day we hear that a bottom is in or the market is bottoming out on television.  The fact is that everytime we hear that we have hit a bottom the markets drop even further.. this has happened all year by 'most' financial pundits on television.  ShepWave has maintained our positions over the past year.. selling in to strength.  It has been one of the best trading years ever.... BUT, we WILL GET A RALLY.  The problem is rather than trying to 'predict' a bottom WE are looking at the charts to get an accurate bottom target and even more important than that is 'Watching the Short Term Wave Action".  It will be the short term wave action which will give us the 'heads up' for the REAL BUYING OPPORTUNTY.  As shown in recent updates we are currently dealing with 'technicals', some of which, have never been seen in the markets before.  NOW is NOT the time to be 'guessing' what the markets will do OR trying to predict market reaction to news items.  Now is the time to maintain objectivity and keep LOCKING IN PROFITS.

ShepWave wil be concentrating on FINDING A BOTTOM in the coming days or weeks.  Things could get tricky and we could get some even more volatile days: UP and DOWN.  Don't be surprised if the Markets CLOSE temporarily due to the volatility.. but don't panic. 

Go to http://www.shepwave.com/ for The Regular Scheduled ShepWave Update for Monday.

Record-breaking rally
U.S. indexes enjoy a sharp reversal from last week's harrowing fall, with the bond market closed. Blue chips handily retake 9,000 mark. Dow industrials make biggest-ever intra-day rise.

(shepwave note:  Stay objective.. Watch the charts... IS the Rally Back?  OR is this just another really good selling opportunity?)

IMF chief: World now has a plan.. ShepWave Note:  Just that headline in itself is a scary thought.

Early stampede for exits sends stocks into nosedive; Japan's Nikkei 225 loses as much as 11.4%, appears headed for biggest one-day loss since 1987 crash. Hong Kong analyst says investors are "selling at 15 to 30 cents on the dollar." World of hurt With losses reaching deeper into the trillions, U.S. stock futures point to another brutal open, picking up from Thursday's Wall Street bloodbath and the waves of selling that predictably ensued around the globe.     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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