ShepWave Regular Scheduled Update for Monday Published. VIX( Volatility Index) Crude Oil Has critical signal.
by ShepWave.com
Posted: 10/26/2008 10:45 EST
The Regular Scheduled ShepWave Update for Monday has been published. We saw a 'critical' technical occurence last week in Crude Oil. Rhetorical Question: Since the Indexes seem to have corrected 'MOST' (So far) of the Five Year Rally from the lows of 2002-2003; Will Crude Oil TOO make the same correction? IS there a chance for $20/barrell CRUDE??
What affect will this 'signal' in Crude Oil have on the Equity Indexes?/ Notice the Rally in Crude Oil basically was a DIRECT RELATIONSHIP with the Equity Indexes over the past 6-7 years. (Regardless of what the 'talking heads' say on Television).
See Key Mid to Longer Term FIBONACCI Extension/Retracement targets for the Indexes.
Go to www.shepwave.com for Updates.
Click the Links 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.
The real tragedy of this financial crisis is that people will die
Click on the link above for an interesting article. All ShepWave has to say is that anyone who didn't see this coming was living in a 'fantasy land'; probably watching too much Financial Television Programing. One must remember how the Television Programs get paid to understand why they 'can't' tell the whole truth and will always try to 'paint a rosy picture'. Been a great last year making profits. The market volatility should continue and even increase. There will be some major buying opportunities SOON. BUT, be careful trying to buy in too soon.
| MARK HULBERT Panic doesn't mean we've hit the bottom |
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Absence of the psychological characteristics of capitulation means we likely haven't seen the low yet. |
ShepWave Note: No Kidding. I always like to read what these 'financial analysts' (and I use the term loosely) were saying when the markets were at their highs. (LOL)
For trading strategies, Trade Signals, Triggers, Targets, Charting and Elliott Wave Theory Analysis go to http://www.shepwave.com/
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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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