ShepWave Pre-Market / Intra Day Update for Friday Published.
by ShepWave.com
Posted: 2/13/2009 01:27 EST
Go to www.shepwave.com and Log In for Friday's Pre-Market / Intra Day ShepWave Update.
Was the late day upward reversal a key event in identifying the mid to longer term trend Thursday? Is the DOW headed to resume a mid term rally; possibly re-testing the 9,000 mark? OR just another 'head fake'?
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 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.
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
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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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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