ShepWave Pre-Market / Intra Day Update for Tuesday Published.
by ShepWave.com
Posted: 12/22/2008 22:41 EST
Notice the critical triggers were hit Monday. Is it time to 'bet the house' SHORT? Remember a successful re-test is the next objective of technical trend analysis. Tonight's update shows some ideal targets for short term action. Remember the Mid to Longer term signals are strong; this trend could resume with 'full force' at any time.
Go to www.shepwave.com for the Pre-market / Intra Day ShepWave Update for Tuesday.
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.
Below are today's headlines. Merry Christmas I guess. But, remember we will make money regardless of what the economy does.
December 23 2008
ESTA midday turn for the worse |
U.S. indexes forfeit narrow gains as investors look toward holiday break — but not before digesting a full plate of economic data. • Santa Claus trades in sleigh for Chevy, reports Peter Cardillo
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'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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