ShepWave Critical Updates Published. Where's the bottom? Time to take profits??
by ShepWave.com
Posted: 11/13/2008 00:03 EST
New Trade enterd this afternoon
go to http://www.shepwave.com/ for today's new trade entry details.
Thursday Profit Taking. Intra Day Update.
ShepWave has made some adjustments to recent positions this morning. Closed out a QQQQ Options Play for 156% profits. We entered this position on Nov 5th during the 'Obama' Rally. (lol)
Go to www.shepwave.com for today's Update and Trade Details.
What a market. Any trader not making a 'fortune' in the market over the past year may want to consider retiring form Trading. OR at the least consider turning off the TV Financial Pundits who don't make any sense; in my opinion. (LOL)
Tonight's Updates show some critical Short, Mid and Long Term targets. The 'new' VIX (Volatility Index for NYSE) 'Trading Methodology' is covered again. Also, don't forget that no matter what you are trading it is of vital importance to analyze ALL of the major indexes including the Dow Transportations index.
Also shown in tonight's update is some different Elliott Wave Potential patterns with Critical Targets that if hit (or broken) could indicate a short term upward reversal.
Go to www.shepwave.com for tonight's Critical 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.
Cllick the link above for an interesting article. So, if retail returns to the 70's will the Stock market? Most financial pundits missed the 40+% stock market move of the past year. They continually say that the market always goes up. ShepWave suggests extreme caution. We have shown some very critical technical 'facts' which have occured recently which could dictate future market action. Don't miss one of the biggest trading/investing(??) opportunities of a life time.
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)
• 18th bank fails: Houston's Franklin Bank (who's next?)
• Jobless rate jumps to 14-year high of 6.5%
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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