ShepWave Important Updates for Thursday Published
by ShepWave.com
Posted: 9/17/2014 23:39 EST
The recent aggressive call to go long some multiple ETFs was a good one. Hopefully short term traders did well Tuesday and Wendesday. Based on emails there were a few of you short term traders who did go long the SPX, NDX, and DOW ETFs. But now is a time to watch the technicals closely. SEE TRIGGERS!
Once again, I must warn about watching CNBC with the sound up. I had the sound up for about 10 minutes around 2:15 or so when the talking heads were coming up with all of their "reasons" why the market was doing what it was doing. Funny....we called the action two days ago. So, does that mean that we knew the "reasons" then? The point is that the commentators on CNBC are indeed intelligent and do provide worthwhile information; but the information that they give is usually logically inconsistent and is based on whim rather than facts.
Log In at www.shepwave.com for Thursday's IMPORTANT ShepWave Updates
| 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. |
|
| About my BLOG |
|
|||||||||
| Su | Mo | Tu | We | Th | Fr | Sa | |||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | |||
| 8 | 9 | 10 | 11 | 12 | 13 | 14 | |||
| 15 | 16 | 17 | 18 | 19 | 20 | 21 | |||
| 22 | 23 | 24 | 25 | 26 | 27 | 28 | |||
| 29 | 30 | 31 | |||||||
|
Post back your comments What do you think of this blog entry? Post back your comments and let us know.
|
