ShepWave Regular Scheduled Update for Monday Published. Stock Market Technical Analysis. Elliott Wave Theory.
by ShepWave.com
Posted: 11/2/2008 01:46 EST
Let's hope the worst is over
Dow industrials drop 14% in October; S&P, Nasdaq tumble 17%
It is Headlines like this one which give the impression that the Trader/Investor is 'helpless' concerning making money in the markets. The past year has been the BEST year ever in the 5 Year ShepWave history for making profits. With several Options Plays over 50% and even a few coming in with 100%,150%,400%, and one Options Play which 'net' a profit of 660%; also our 'core' positions have done extremely well. We have only taken a couple of losses all year and those have been in Options Plays.
Remember an objective trader/investor really doesn't 'care' much whether the market goes up or down. The only objective is to figure out the trade signals and targets and make PROFITS.
The 'technicals' over the past year have been easy to navigate. Each rally hitting the ideal projected target. The only thing which has been even a slight surprise is that the Bearish Moves have been stronger then initially expected. But we still capitalized nicely on these moves. The 'profitability' is only just beginning. The best should be yet to come.
Read the Regular Scheduled Update for Monday to see some very critical long term trend analysis. See Trade Trigger Targets and the potential targets for the indexes. We look forward to continued profits.
Go to www.shepwave.com for the Regular Scheduled Update for Monday Morning.
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
Dollar's rapid appreciation has dark side as well as benefits
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 |
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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