Dow Theory.... Confimring a MARKET HIGH?
by ShepWave.com
Posted: 11/16/2005 17:54 EST
For those of you who subscribe to http://www.shepwave.com/ you will notice that in our recent updates we have been tracking the Dow Transportation index to help confirm possible future of the other indexes.
Here is an article I found today at cbs.marketwatch.com
ShepWave follows Elliott Wave theory as our primary trading discipline. We use areas of Resistance and support to support Preferred Elliott Wave Counts. We also look for a double break of trend lines before entering positions.
IF you have any comments concerning the Dow Theory please feel free to post.
Have a great day.
Shep
| 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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