ShepWave Pre- Market /Intra Day Update for Wednesady. Markets set to rally? Why did most pundits miss the 50% plus market move. ShepWave caught it.
by ShepWave.com
Posted: 3/4/2009 01:09 EST
Remember markets don't go straight down or straight up. Regardless of the fact that we are most likely in a prolonged bear market we should expect to see some very viloent strong rallies; possibly giving as much as a 50% profit 'on the Long Side' in just a matter of weeks. But, stay focused and concentrate on the key Triggers ShepWave has been showing. And by all means be careful trying to catch this 'falling knife'. We see a lot of TV Pundits saying Stocks are cheap.. they were saying that when GE was at $30 for example.. now it is almost a Penny Stock. Eventually they will be right... but be careful. Also once we do get a rally don't assume that the Dow is headed to 14,000 or what ever targets we may hear, Dow 20,000...etc. ShepWave has already shown some potential upside targets which should come in to play once we see the appropriate Trade Signals. Wait for triggers and stay disciplined in Trading/ Investing Methods. Go to www.shepwave.com and Log In for Wednesday's Pre-Market / Intra Day ShepWave Update. Click here to read the ShepWave Update from August 21, 2008 when the Dow was at the 11,400 area.
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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