ShepWave Critical Updates for Thursday have been published. Potential 40% market moving coming? How quick could this move be?
by ShepWave.com
Posted: 10/22/2009 00:57 EST
6:14 Additional Pre-Market Notes Posted.
The futures are slipping a bit overnight again. They did this last night and the markets were actually flat most of the day until the critical action of the last hour Wednesday.
Watch the open and the first hour or so closely this morning. Read the additional pre-market notes just posted at www.shepwave.com in this morning's Pre-Market Update.
We saw an interesting day on Wednesday. We technically did not see a gap down open to fulfill the Island Reversal potential, but notice where the indexes closed. This is a perfect set up for a good tradig opportunity. The key is to watch the trigger areas shown in tonight's updates. But, a big move could be upon us. Will we see a 40% move in the indexes?
Off Topic, another round of home foreclosure's could be coming soon as well.
This could be the most important week in trading for the next year.
Log In at www.shepwave.com for Thursday's Critical Updates.
America's soul is lost, collapse inevitable
The link above is an interesting article. The fact is that we have a current administration that openly admits to believe (and has incorporated) the theories proposed by John Maynard Keynes are a viable way to help the economy.
May we all be reminded of Keynes' own words:
When asked about the long-term effects of his theory his answer was, “In the long term we are all dead”
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
Get Robert Prechter's FREE 60-Page Deflation Survival Guide | |
The Most Important Investment Report You'll Read in 2009 | |
Get 5 Free Chapters From Bob Prechter's New York Times Bestseller | |
Get Bob Prechter's 10-Page Market Letter, FREE! | |
Free Report: Discover the Top 100 Safest U.S. Banks |
I Can Only Imagine - Amy Grant
90
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.
|