ShepWave
ShepWave Pre-Market Update for Wednesday Published. Still listening to CNBC? Of course it IS the new best 'comedy network'.
by ShepWave.com
Posted: 6/17/2009 00:59 EST
I heard a CNBC 'pundit' comment today saying: "Is this the beginning of a correction?" So, are they saying that we are back in a bull market? C'mon. The All time high in the Dow was 14,198... the Dow Industirals hit a low of 6,469 in March. This was a 7,729 point move. So in actuality,it is the rally from the March lows (roughly 2,500 points), while being impressive to say the least, is more likely the 'corrective' move. Anyway, most of you know that I don't watch CNBC...not much anyway. But, it is good for a laugh once in a while.
As shown in ShepWave Updates the indexes have made Long Term Technical indications which are unprecedented. This in itself should cause even the most Bullish of investors to at least be cautious and look objectively at the markets. As covered in Updates, the rally from the March Lows is most likely a Wave A of a three wave upward correction. But, we must stay very focused on the short term wave action which should confirm this potential or the potential that we have seen another key mid to long term top.
Tonight's update shows the clarity if the recent impulsive wave action. Some short term trading strategies, triggers and initial ideal targets are shown.
Log In at www.shepwave.com for Wednesday'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.
ShepWave provides the Services listed below for Less than $20/Month
Short, Mid and Long term Trading Analysis with Trade Entry Signals, Strategies, and Targets
Regular Scheduled Updates Published by Market open on Monday and Thursday.
Intra Day Updates for QQQQ, DOW,S&P 500 and selected individual stocks most every day.
Our purpose is to not only show potential trade set ups and the management of those trades but to TEACH objective disciplined methods of trading for any time frame.
QQQQ Trend Trading.
QQQQ Options.
Trading Stock Options.
Dow Industrials, S&P 500, Nasdaq Indexes, QQQQ, DIA and Selected Stocks Analysis
Email Notification of reports and trades if desired
|
| Get all of Jim Marten's intraday and end-of-day Forex forecasts FREE through May 20. Access EWI's FreeWeek. | |
Trend Trading, Trend trading stocks, market trends,stock trends,stock market technical analysis, stock market timing,qqqq, qqqq options, qqqq trading,options, options analysis,stock options, trading options,trading stock options ,stock market technical analysis
Stock Market Technical Analysis. Elliott Wave Theory
 |
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! |
1211
|
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.
|
