ShepWave
ShepWave Thursday Updates Published. 10,000 Hit on Dow Industrials Index, is the rally over? OR can the 50 Month Moving Average be hit?
by ShepWave.com
Posted: 10/15/2009 00:39 EST
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The Regular Scheduled and Pre-Market ShepWave Updates for Thursday have been published. The Dow Industrials closed above the 10,000 mark. Keep in mind this is a critical psychological mark, nothing else. We already saw the double break of the 200 month moving average a few months ago.
Will the 50 month moving average for the S&P 500 and Dow Industrials Indexes be hit, or is the Bullish Percentage indexes showing that this rally is about to turn?
Crude Oil may be providing some insight to the future potential for this rally.
Log In at www.shepwave.com for Thursday's ShepWave Updates.
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.
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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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