ShepWave Regular Scheduled Update for Monday Published. Will the S&P 500 Index hit the 600 mark in 2009?
by ShepWave.com
Posted: 12/21/2008 16:34 EST
Just how low will the equity indexes go in 2009? Will the S&P 500 Index hit the 600 mark during the first few months of the new year? Remember, 2008 was the 'year of Confusion'; it is very possible that 2009 will be the 'year of Suffering' for the uneducated Investor/Trader.
Fibonacci Extension Target and Elliott Wave Theory Analysis for the S&P 500 are shown in Monday's Update. This could dictate our trading strategy for at least the next three months. Also shown is analysis of GLD (Used as a proxy for Gold Traders). Will GOLD continue to see new lower lows; or is there one more strong mid to longer term BULLISH run left in Gold? (after the gap at $76-77 on GLD is filled?)
Go to www.shepwave.com for Monday's Regular Scheduled ShepWave Update.
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?....
WEEKEND INVESTOR
No time to lose
If you were expecting your target-date retirement funds to keep your nest egg safe, you’ve been off target this year.
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/
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Stock Market Technical Analysis. Elliott Wave Theory
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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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