ShepWave Critical Updates Published. GOLD Traders ALERT. Some Critical analysis for Crude Oil and U.S. Equity Indexes.
by ShepWave.com
Posted: 3/12/2009 00:54 EST
The Dow Industrials Index breaks above 7,000 briefly Wednesday. Can the DOW hold above 7,000 for even a short period of time? Have we seen a key mid term Bottom? Read tonight's updates for critical technical analysis on the U.S. Equity Indexes. Also, GOLD Traders ALERT. See the potential further Triggers and Targets for Gold in tonight's update. Can Crude Oil Rally, or is the fact that it really hasn't gone anywhere in the past several weeks an indication that the Long Term Trade in Crude Oil is Bearish?
Go to www.shepwave.com and Log In for Thursday Morning's Critical ShepWave Updates.
ShepWave has been locking in Mid Term (Swing) Trade Profits for the past couple of weeks now. Here is a listing of our profit taking since February 23.:
| March 10, 2009 I have covered my SHORT QQQQ Position at a price of $27.00 giving a $3.20/share profit. Sold my QID position at a price of $63.00/share giving a $.80/share profit. Sold the rest of my SRS position at a price of $80.00 giving a profit of $20.00/share. |
| March 8, 2009 Sold the rest of our TWM Position today at a price of $114/share giving us a $47 Profit or 70% profit. Sold SRS Position today for a price of $109/share, giving us a profit of $49/share OR 81% Profit. |
| March 2, 2009 SOLD JUNE 29 Strike PUTS Today at a price of $3.70/share giving us a profit of $.80/share OR 27.5% profit. |
| February 23, 2009 SOLD the SDS position at a price of $97.25 giving us a profit of $12.50/share or 14.5% profit. SOLD 1/2 of the SRS position at a price of $82.26 giving us a profit of $22.26/share or 37.1%. SOLD 1/2 of the TWM position at a price of $90.94 giving us a profit of $23/share or 35.7% profit. |
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.
If you haven't seen the bit on CNBC shown on the Comedy Show Click the following link: Click Here for Daily Show This has to be one of the funniest (and true) things I have watched in a long time.
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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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