ShepWave Update Published. Equity Markets ready to resume Bear Trend? OR is there still money to be made on the Long side?
by ShepWave.com
Posted: 3/22/2009 02:44 EST

The Regular Scheduled Update for Monday has been published.

In tonight's update ShepWave takes a look at the critical technicals occuring in Gold.  In regards to the Equity Indexes remember that we had one signal Wednesday but the signal was reversed by Thursday's action.   Friday's action was also revealing.  Using the VIX (Volatility Index for the NYSE), while being a good complementary technical tool, can't be used without confirming wave action.  In fact NO Single Technical tool can be used solely by itself; always look for a combination of technical tools and, most importantly, the wave action to confirm the trends.  We must always be looking for further confirmation signals.

Are the Equity Markets ready to resume the Bear Market?  Or is the rally still in play?  Keep in mind the steep slope of the rally from the March Lows.  See triggers and targets in ShepWave Updates.

Go to http://www.shepwave.com/ for Monday's Pre-Market / Intra Day ShepWave update.

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, 2008 The Last week the Dow Industrials Index saw 13,000.

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.

CLICK HERE to see the failure of CNBC representative Cramer to provide a 'good defense' for providing  bad/false information and John Stewart 'pushes the knife in a bit further even'.   Will this lead to Criminal Action?  Probably not.  And again.  One cannot blame CNBC or any other Financial Pundit for their losses.  Remember the Pundits on Television and everywhere for the most part are 'beholden' to their employer and usually only benefit in a Bull Market, therefore are always of the mindset that Stocks Always Go UP. (LOL)

	Get Robert Prechter's FREE 60-Page Deflation Survival Guide With you in mind, financial analyst Robert Prechter scoured thousands of pages of his warnings and teachings about deflation. He then handpicked his most important deflation writings and compiled them into a special, unedited, 60-page Deflation Survival Guide. If you havent yet given Prechter's deflation argument your full attention, you should know now that yesterday was the best time to do so. Download Your 60-page Deflation Survival Guide Now FREE.
	The Most Important Investment Report You'll Read in 2009 Get help with navigating this year's economic turmoil with hard facts, eye-opening charts, and straight-forward commentary. You'll also get 10 pages of valuable, independent forecasts of stocks, bonds, metals, the U.S. dollar and economic trends that you can act on not the conventional connect-the-dots analysis that does you no good.
	Get 5 Free Chapters From Bob Prechter's New York Times Bestseller Protect yourself from the financial crisis! Get 5 free chapters from Bob Prechter's New York Times bestseller, Conquer the Crash. You'll learn what do with a pension, how to find a safe haven, what to do if you run a business, and more! Download the 15-page report, free.
	Get Bob Prechter's 10-Page Market Letter, FREE! Don't be fooled by the government! Get this free, 10-page market letter from Wall Street legend and best-selling author Robert Prechter. It reveals 28 answers to questions about the current market turmoil that you might not even know to ask!
	Free Report: Discover the Top 100 Safest U.S. Banks The latest headlines on big name bank bailouts serve as reminders of just how unsafe your bank may be. This FREE report, Discover the Top 100 Safest U.S. Banks, is a must-read in these volatile market conditions. You'll learn how to find a safe bank, why the FDIC can't really guarantee your money, tips on international safe banking, and more!

 

 

 

 

563

 

 

 

 

 

 

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.