ShepWave Intra Day Update. Question to think about: Is the Stock Market still 'investable' as so many pundits claim?
by ShepWave.com
Posted: 11/6/2008 10:07 EST
It has been a very educational last couple of weeks. This has been fortunate because of the number of 'new' subscribers. As ShepWave has shown using the short term QQQQ charts the differences between Motive and Impulsive wave action is one of the most important technical factors in determining the direction of the 'overall' trend. Notice that our 'ideal' target for the rally for the DOW of 9700 was missed by less than 50 points. The important thing to learn in 'how' we derived that target as well as the targets for the QQQQ and S&P.
Again, markets don't go straight down or straight up; but as we have seen the technicals are speaking 'clearly' for the identification of the 'tradable' trend. The key long term analysis shown in ShepWave over the past several weeks is confirming mid to long term targets. So, lock in profits with stops; but get ready to have a profitable quarter once again.
Go to www.shepwave.com for today's Intra Day ShepWave Update, current positions and for analysis you won't find anywhere else; especially on the Television (lol).
We have seen some nice clear wave patterns and signals lately. Gotta love this market. Don't forget to use stops that fit your risk tolerance AND remember that markets don't ever go straight down or straight up. See critical triggers and targets in ShepWave Updates. And the BOTTOM LINE: Keep Locking In Profits.
Remember to keep emotion out of your trading/investing. Stay objective and follow the rules of technical analysis. The past year has been one of the best years ever for traders/investors. A 40+% move in the markets is always profitable for the 'educated' trader. It has been one of ShepWave's best trading years EVER!
Are you positioned for the next 40+% market move?
Go to www.shepwave.com for today's ShepWave Update.
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.
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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