ShepWave Intra Day Update. New Positions Entered This Morning. Dow to 10,000? How about 15,000? Oh heck, why not 30,000? (sound familiar? lol)
by ShepWave.com
Posted: 10/29/2008 10:54 EST
Fed cut rates to the expected 1% mark. So, is the rally over? Be careful assuming the initial reaction after the rate cut is the 'actual' short term direction. Read today's Intra Day Update for Exact Targets and TRIGGERS.
ShepWave has altered positions as recently as today. See Details in today's Update or Shep's Trading Log.
Go to www.shepwave.com for today's Update.
ShepWave has continued to make adjustments in our positions today. QQQ related trades entered this morning. Options and QQQQ ETF Related Stock Trades were entered.
For trade details go to www.shepwave.com for today's Update and Trade Details.
Will the DOW see 10,000?
Have we seen enough 'blood in the streets' to signal strong long term rally? See targets and triggers in ShepWave 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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