ShepWave IMPORTANT Updates for Thursday Published
by ShepWave.com
Posted: 10/2/2014 01:45 EST
Markets remain predictable and therefore, profitable.
As stated last night, the recent action is supporting the bearish view and we should see a [confirming] bearish drop soon. Well, that confirming drop came Wednesday. Still there is no reason to make blanket type of statements as we see so abundantly; such as "the Dow to lose 6,000 points." The key to profitable trading is to take the moves individually and take the trades one trade at a time. With that said, it is true that our continued mid term bearish stance we have had in the Russell 2000 index since the beginning of July has played out well.
Log In at www.shepwave.com for Thursday's Importand 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. |
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