ShepWave Pre-Market / Intra Day Update for Tuesday Published. Is there 'ever' a 'REAL' rally coming?
by ShepWave.com
Posted: 10/27/2008 23:08 EST
The Bottom Line is that this market has been extremely easy to 'technically' trade. Notice the trend lines which are being hit, retested and No Follow Through for the rallies. SO FAR. Will we get a rally? On Definitely so, and probably a very powerful profitable one at that. But, as I was actually tuned in to a popular Financial Program this evening about 5:00 PM ET or so I noticed they had a 'Technical Analyst ' on the Show. He was mentioning the 200 day moving average.. etc etc.. BUT gave NO Short Term or Mid Term Analyiss.. and was very vague on the long term analysis. In fact the analysis he was giving was analysis ShepWave was showing while the Dow was still above the 13,000 range. Anyway, just a reminder to be careful how you 'perceive' the so called 'financial pundits' on television.
Go to www.shepwave.com for the Pre-Market / Intra Day ShepWave Update for Tuesday morning. EXACT trigger points and targets are shown. These are criticall targets for the Short to Mid term trend.
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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