ShepWave Critical Updates Published. Dow nearing a key SELLING point for those who missed the 14,000 HIGH?
by ShepWave.com
Posted: 3/26/2009 00:52 EST

Tonight's updates concentrate on the possible mid term trend that we may be in for the U.S. Equity Markets. If you are looking for Dow 14,000 you may not see it.  The U.S. Equity Markets are most likely in a correction which could last for years in my opinion.  With that  being said there are many trading opportunities.  We could see some volatility in the upcoming weeks, but we have probably NOT seen a key mid term TOP yet.  In fact we may not see a key mid term top for several weeks (Maybe Months) yet.  Corrections can be tricky, stay disciplined and focused. 

Shown tonight are some key mid term targets for this upward correction which may also reveal a good exit target for Long Term Longs who missed the top at 14,000 in the Dow.

Very Important:  Notice the Gap Down which was left open on February 17th has now been filled.  Yet, no mention of this from the Pundits.  This is a potentially huge technical factor for the short to mid term trend in the markets.  Did we have a 'V' shaped bottom in March?

Log In at www.shepwave.com for Tonight's Critical ShepWave Updates.

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)

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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.