ShepWave Critical Updates for Monday Published.
by ShepWave.com
Posted: 12/7/2009 01:30 EST
Friday's action was interesting to say the least. The new recent high in the indexes and then a sharp reversal could have been a critical signal...but we have no confirmation of a key mid to long term top being hit yet.
Friday's action did provide us with some key short term technicals to work with, key short term triggers are given in tonight's ShepWave Update. Remember the current Wave 2 (or B) rally will end at some time. The question still remains as to whether or not we have actually hit a key top. See the possible upside targets in the Regular Scheduled Update for Monday. Short term triggers and targets are in the Pre-Market Update for Monday.
Log In at www.shepwave.com for Monday's 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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