ShepWave Pre-Market /Intra Day Update for Friday Published. Is an Island Reversal a possibility for the Near Future?
by ShepWave.com
Posted: 7/16/2009 23:28 EST
We have some very critical technicals occuring in the markets. Notice the charts in tonight's update for the QQQQ. We have hit two key targets as shown on different time frames. (You can't make this stuff up). Is this indicating a key top is upon us? Be careful making this assumption. But, watch the SPY chart closely as shown in tonight's update.
Is an Island Reversal just a couple of days away? OR will the Dow come close to hitting 10,000?
Log In at www.shepwave.com for Friday'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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