ShepWave Critical Updates Published. Rally in Gold to continue?,, but how high? Equities ready to make a 20-30% MOVE?
by ShepWave.com
Posted: 2/4/2009 23:11 EST

Any trader/investor should remember to look at what the technicals are indicating on many time frames no matter what he is trading.  In tonight's Updates ShepWave shows some different time frames for GLD; using GLD as a proxy for Gold.  We have now seen a 'buy signal' on the weekly and monthly time frames.  The trend channel we have been working with as shown in the 60 min GLD chart has been working like clockwork.  We must keep in our minds the actual wave pattern of the rally in Gold.  Yes, the potential of a new high in Gold to the high set in early 2008 is very good, the continuation of that rally after the new high is hit is debatable due mainly to the wave formations.

See targets for the Equity Indexes for tonight's updates as well.  A 30% move in the Nasdaq Indexes including the QQQQ will not be a surprise. See TARGETS and our confirmation signals we saw on Wednesday.

Go to www.shepwave.com for Tonight's Critical ShepWave Updates.

30%+ move coming in the U.S. Equity Indexes?  

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.

2008 was the 'year of confusion'.  2009 could be the 'year of suffering' for the undisciplined, unobjective investor/trader.  Remember, we can't 'fix' the current economic problem.  While the 'Financial Pundits' are all trying to figure out how to fix the problem our objective is to find the trading range, up or down, and profit from it; taking our piece of the pie.  We as traders/investors can't change the economic situation in this country but there is absolutely no reason not to profit from any market move. 

Click Here to View the ShepWave Published Report from October 11,2007.  When the Dow Industrials Index was still over 14,000.

Click here to read the ShepWave Update from May 26,  The Last week the Dow Industrials Index saw 13,000.

Click here to read the ShepWave Update from August 21 when the Dow was at the 11,400 area.

Bernanke says no recovery without more bank aid  This is funny.  When will it end?

DAVID CALLAWAY
Bear rally over; now the dying begins
Everybody should have known the holidays would only delay it. The freight train of job cuts, plunging earnings and spending cutbacks was pushed back a few weeks.

PAUL B. FARRELL Making money the lazy way After their eight Lazy Portfolios beat the S&P 500 by 3 to 18 points in 2008, the creators expect even better results in 2009, holding the same assets that got them through this difficult year.   ShepWave Comment on above article:  It is amazing that some investors/traders are happy with just not losing money.  When the markets make a 40-50% move and a trader doesn't make money... something is wrong in my opinion; especially when the technicals over the past year were clear and decisive.  Happy New Year.... let's hope these investors get some help for 2009; or maybe not.  Lazy Investors/Traders will probably remain Lazy.  Although PAIN is sometimes a great motivator.  LOL

Who isn't a Bernard Madoff victim? The list is telling. - De...

Don't be a Madoff Victim.  OR a victim of Madoff 'like' scams which are all over Wallstreet.  Most of the so called Financial Pundits one sees constantly bickering and arguing on the TV trying to figure out the 'fix' to the current situation will be sittting directly behind the eight ball when the markets make their next move.  Remember to stay objective and disciplined in your trading/investing decisions.  The rich (and the smart) will get richer; while the poor (or those who are undisciplined) will get poorer. 

Shep

Below are today's headlines.  Merry Christmas I guess.  But, remember we will make money regardless of what the economy does.

December 23 2008 1:40 P.M. EST

A 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   HOUSING AND HOME LOANS A 17-year low Sales of newly constructed U.S. housing fall 2.9% in November. Resales slammed Existing-home sales plunge 8.6%; price slide is steepest ever. • Housing hobbles on (First Take)

'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. 

Retail returns to the 1970s

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.

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)

For trading strategies, Trade Signals, Triggers, Targets, Charting and Elliott Wave Theory Analysis go to http://www.shepwave.com/

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Go to www.shepwave.com for Updates.  Trend Analysis, Elliott Wave Theory, Fibonacci Retracement and Fibonacci Extension Targets, Trade Triggers and Targets shown. QQQQ Trade Signals.

 

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Short, Mid and Long term Trading Analysis with Trade Entry Signals, Strategies, and Targets

Regular Scheduled Updates Published by Market open on Monday and Thursday.

 Intra Day Updates for QQQQ, DOW,S&P 500 and selected individual stocks most every day.

Our purpose is to not only show potential trade set ups and the management of those trades but to TEACH objective disciplined methods of trading for any time frame.

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