ShepWave Critical Updates Published. Should Investors be looking for a quick 20%+ upward move in the Dow Industrials Index.
by ShepWave.com
Posted: 11/23/2008 14:01 EST
Read Pre-Market Analysis and Position changes in this morning's ShepWave Update.
ShepWave has made some position changes this morning. Please read updates for this morning very closely. Took $6.57/share profits in a QQQQ Related trade this morning. Also we have ADDED new position.
Go to www.shepwave.com for this morning's pre-market update and trade details.
The two ShepWave Updates for Monday Morning show critical technicals. Notice the Dow Industrials index broke our Fibonacci Extension target with Friday's Low by 25 poinits. Is this an indication that we have at least a 'Short Term' rally upon us? Is it just coincidence that the Dow Industrials, S&P 500 and NDX (QQQQ) all hit the upper trend channel being used currently by ShepWave for the recent action?
Today's Updates show the exact trigger confirmation areas and potential targets. Remember markets don't go straight down or straight up. Even in Secular Bear Markets Investors can make quick 20%+ profits in just a matter of a few days. This may be one of those opportunities. But, be careful to not be 'faked out' by strong intra day moves. Always be looking for further confirmation.
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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