ShepWave did some profit taking today. Also New Positions Entered. Safe to BUY yet?
by ShepWave.com
Posted: 11/20/2008 13:14 EST

Some Profit Taking today.

Took profit of $28.82 for QID trade.

JPM (J P Morgan) Options play a net 257% Profit.

Took 163 % in Net Profit in a QQQQ Options Play.

Later same day ShepWave actually took a $1.25 LOSS in a trade. Been a long time since we have actually taken a loss.  But, we didn't like the Short Term charts so, took the loss same day as entering the position.

ShepWave has also entered in to new positions today.  Is it safe to Go Long yet?

For trade details and analysis go to http://www.shepwave.com/

Click Here to View the ShepWave Published Report from October 11,2007.  When the Dow Industrials Index was still over 14,000.

Click here to read the ShepWave Update from May 26,  The Last week the Dow Industrials Index saw 13,000.

Click here to read the ShepWave Update from August 21 when the Dow was at the 11,400 area.

Retail returns to the 1970s

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.

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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Go to www.shepwave.com for Updates.  Trend Analysis, Elliott Wave Theory, Fibonacci Retracement and Fibonacci Extension Targets, Trade Triggers and Targets shown. QQQQ Trade Signals.

 

 Stock Market Technical Analysis.  Elliott Wave Theory.

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Starting in August ShepWave began Publishing Intra Day Updates with short term analysis 'mainly' concentrating in the QQQQ but also showing the other indexes and individual Stock analysis.  This EXTRA service will have an additional charge to the Regular ShepWave Subscription eventually.  Those already Subscribed to ShepWave will be EXEMPT from any additional charge for this service when it is added in the future.

 

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Short, Mid and Long term Trading Analysis with Trade Entry Signals, Strategies, and Targets

Regular Scheduled Updates Published by Market open on Monday and Thursday.

 Intra Day Updates for QQQQ, DOW,S&P 500 and selected individual stocks most every day.

Our purpose is to not only show potential trade set ups and the management of those trades but to TEACH objective disciplined methods of trading for any time frame.

QQQQ Trend Trading.

QQQQ Options.

Trading Stock Options.

Dow Industrials, S&P 500, Nasdaq Indexes, QQQQ, DIA and Selected Stocks Analysis

Email Notification of reports and trades if desired

 

 

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