ShepWave Pre-Market / Intra day Update for Friday Published. Stock Market Technical Analysis. Elliott Wave Theory.
by ShepWave.com
Posted: 10/31/2008 00:52 EST
We saw a nice continuation rally on Thurdsay. Is there a chance that the Dow Industrials index can hit the 9,700 to 10,000 mark? See the critical trend lines, current triggers and targets in tonight's update. Also shown is the 'new methodology' of using the VIX (Volatility Index for the NYSE) in this trading environment.
Go to www.shepwave.com for the Pre-Market / Intra Day ShepWave Update for Friday.
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.
DAVID CALLAWAY
It's official: U.S. is Japan
The race to zero-interest policy didn't work in the past in Tokyo and it won't work now in Washington.
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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