ShepWave Critical Updates for Thursday Published. 15% quick market move coming?
by ShepWave.com
Posted: 11/5/2009 00:29 EST
Two Critical ShepWave Updates for Thursday have been published. Notice that some of the trigger areas we saw formed last week have now been hit. A quick 15% move in the indexes would be of absolutely no surprise, but remember this is probably just setting up for a total 40+% move.
The Bullish Percentage and Volatility Indexes may be 'tipping the hand' for the Equity indexes. Also, Crude Oil may be a 'wild card'. These indicators are strengthening the technical evidence from the equity indexes themselves. It has never been more important to maintain total objectivity in the stock market.
Is the bear back? How low will the markets go? Will the Dow Industrials see 14,000 again in our lifetime? Will the 6,000 area on the Dow Industrials Index provide support 'this time'? Many investors are still waiting to get back to the 14,000 area on the Dow to break even. It is imperative that traders/investors stay objective during this current time, markets are just getting 'heated up'.
Log In at www.shepwave.com for Thursday's Critical ShepWave Updates.
Click here to read the ShepWave Update from August 21, 2008 when the Dow was at the 11,400 area.
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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.”
Stock Market Technical Analysis. Elliott Wave Theory
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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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