ShepWave Pre-Market / Intra Day Update for Friday. Futures down; is the market ready to hit below March '09 lows? Careful!
by ShepWave.com
Posted: 11/26/2009 22:53 EST
The Futures are down quite a bit as of 10:00 PM ET. Be careful assuming this is the Sell Signal to resume the longer term bear trend. There are some critical technicals we are watching to confirm the mid to longer term trend. Also, short term traders should be careful assuming that this gap (if the markets do gap down Friday) will fill. See the guidelines and technicals, including trigger and target areas on this update.
Remember, objectivity and discipline should be exercised at all times. Big market moves, up or down, are an opportunity to really 'cash in', but be always looking for the continuation signals and most importantly take note of the short term wave action.
Log In at www.shepwave.com for Friday's Pre-Market / Intra Day ShepWave Update.
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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