ShepWave Pre-Market / Intra Day Update for Monday Published
by ShepWave.com
Posted: 10/13/2014 01:03 EST
Futures are down at this time. Note that our position changes Friday are doing well. In fact our trades in the Russell Index, Gold and Crude Oil have been doing exceptionally well for some time now, producing very sizable profits. Use stops that fit your risk tolerance and trading style. There are suggested stop areas shown in this update.
If we see a gap down open will the gap fill? Or is this the beginning of a steeper bear trend? Or is this an exhaustion gap down open which could mean that the bulls are capitulatiing?
The current market action remains predictable and profitable. But remember that we are always watching for further confirmation signals. Refer to the Regular Update for Monday for critical mid to longer term signals. This is a very important time in the markets. Stay objective.
Log In at www.shepwave.com for Monday's Pre-Market / Intra Day ShepWave Update
The One Year ShepWave Subscription Special remains at $149/year. This rate will be increased shortly.
| 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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