ShepWave Pre - Market / Intra Day Update for Wednesday. MORE PROFITS COMING?
by ShepWave.com
Posted: 10/29/2008 01:06 EST
Notice the SIGNAL trigger point for the QQQQ shown in Tuesday's Pre-Market Update was triggered for a nice BUY SIGNAL (SHORT TERM). Read tonight's update for some one specific trigger point to support a continued rally. Can the Dow Rally another quick 7+%? Can the QQQQ (NDX) rally another 15+%? Or is the VIX (Volatility Index for NYSE) Indicating that we have relieved the short term oversold conditions and are now ready to proceed down to new recent lows?
Also shown is the 'new methodology' on trading the VIX in tonight's Update. Be careful of the 'old' traditional methods of using the VIX. We are in a much different market situaltion than we have seen for Decades. The volatility hasn't left us. But, we should continue to see some 'massive' upside moves that could be short lived but highly profitable. USE STOPS to lock in profits.
Go to www.shepwave.com for the Pre-Market / Intra Day ShepWave Update for Wednesday.
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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