ShepWave Critical Updates Published. MARKET RALLY OVER? If you blinked.. you would never have noticed. When and Where is the NEXT Great Buying Opportunity? Stock Market Technical Analysis. Elliott Wave Theory.
by ShepWave.com
Posted: 10/15/2008 22:12 EST
Stock Market Rallies Late session Thursday. Is this the 'real deal'? OR just another good selling opportunity? See targets and trading strategies in ShepWave Updates at www.shepwave.com
ShepWave took 'SOME' Profits off the table this morning:
This morning ShepWave took 660% Profits in a QQQQ Options Play. ALSO took 490% Profit in a DIA Options Play.
Go to www.shepwave.com for Today's Trade Details, Recent Entries, Triggers, and some very important TARGETS.
We have seen some nice moves in the indexes lately. Granted, the targets issued as potential bounce targets were hit quickly; even I was not expecting to see them hit in less than 1 1/2 trading days and to be reversed that quickly. BUT, nevertheless, the markets have been trading under IDEAL Technical reactions and have been making it pretty easy to make profits.
SEE Mid to Longer Term Fibonacci Extension and Fibonacci Retracement targets in this morning's Updates.
Tonight's Updates are very critical. We are dealing with some key long term technicals that I have heard no one talk about.. especially the Financial Pundits on Television. (Nor do I expect them to mention them... they never do.) We also have a critical SHORT TERM Technical 'signal' occuring on the weekly time frame for the QQQQ (NDX). This happens to one of my personal 'favorite' signals to trade.
Remember; we have made a lot of profits recently. Current entries have been IDEAL. USE stops to fit your trading style and risk tolerance. Cautious Traders can use STOPS NOW to lock in profits.
Go to www.shepwave.com for tonight's Critical ShepWave Updates.
Click the Lnks below for a Sampling of ShepWave Updates Published over that past year for Mid to Long Term Traders.
Click here to read the ShepWave Update from August 21 when the Dow was at the 11,400 area.
IF you missed these trading opportunities; Don't Worry. There are ALWAYS trading opportunities in ANY MARKET.
| Tokyo, Hong Kong plunge |
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| Sell-off slams Tokyo exporter stocks, sends Nikkei 225 down 9.6% as sharp overnight U.S. losses raise new recession fears. Hong Kong drops 7% in early trading. Regional markets sharply lower. |
IMF chief: World now has a plan.. ShepWave Note: Just that headline in itself is a scary thought.
| On the brink of a meltdown IMF confident governments will act in time to avert crisis |
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| Panic grips Asia |
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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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