ShepWave Pre- Market / Intra day Update for Wednesday Published. FED cuts rates to ZERO? Where do they go from here?
by ShepWave.com
Posted: 12/17/2008 00:25 EST
U.S. now Japan ...Part II... but without the Automotive Industry or export industry to support it?
With the Fed Decision to take the rates to an unprecedented low should investors be concerned? As mentioned over the past year of ShepWave Updates the markets are in unpredecented territories already. Tuesday's rate cut makes it even more so. With not many bulletts left in the 'clip' the Fed may be at the end of its rope and the U.S. may just have to just wait this one out.
With that being said the U.S. Indexes still haven't hit the 'ideal' bounce target off of the November lows. There is a real possibility that the indexes won't bounce as high as initially expected. Remember the most important technical factor an objective trader needs to always take in to consideration is the short to mid term 'wave movement'. Yes, price dictates, but wave action gives a clear focus on the types of movements in the markets and gives us clues of target reversal areas.
For the Pre-Market / Intra Day ShepWave Update for Wednesday go to http://www.shepwave.com/
Remember there will always be 'buying' opportunities; but the trick is knowing when to SELL. The days of 'Buy and Hold' may be gone for some time.
Click here to read the ShepWave Update from August 21 when the Dow was at the 11,400 area.
'The Fed will employ all available tools to promote the resumption of sustainable economic growth.'
— Federal Reserve
Now there's a quote for ya. Ok, so they keep shooting and what happens?....if nothing happens?....
Is the bear market over? OR is it just beginning? Stay Objective and keep making money in this market; that is the key. ShepWave has had its most profitable year ever trading over the past year. And, things may just now be 'heating' up.
Baby boomers face three new risks over the next 20 years: Report First risk was listening to the General Media or TV Financial Pundits for Investing Advice.(LOL)
Worried about a depression? How about a 100-year bear market
The link above is an interesting article.
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/
FREE Report: Inflation Vs. Deflation | |
Free Report: Discover the Top 100 Safest U.S. Banks | |
Get Bob Prechter's 10-Page Market Letter, FREE! | |
Protect Your Money With Your Free Credit Crisis Survival Kit | |
How to Use Bar Patterns to Spot Trade Setups |
Trend Trading, Trend trading stocks, market trends,stock trends,stock market technical analysis, stock market timing,qqqq, qqqq options, qqqq trading,options, options analysis,stock options, trading options,trading stock options ,stock market technical analysis
Stock Market Technical Analysis. Elliott Wave Theory
2311
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. |
About my BLOG |
|
|||||||||
Su | Mo | Tu | We | Th | Fr | Sa | |||
1 | 2 | 3 | 4 | 5 | 6 | 7 | |||
8 | 9 | 10 | 11 | 12 | 13 | 14 | |||
15 | 16 | 17 | 18 | 19 | 20 | 21 | |||
22 | 23 | 24 | 25 | 26 | 27 | 28 | |||
29 | 30 | 31 |
Post back your comments What do you think of this blog entry? Post back your comments and let us know.
|