ShepWave End of Day Update.
by ShepWave.com
Posted: 12/15/2009 15:46 EST
Some important short term technicals have occurred today. We still need to keep an eye on the converging trend lines as shown in the DOW chart, and the key trend line as shown in the SPY chart. The short term technicals in the QQQQ could be leading to a further trend confirmation trigger being hit.
Log In at www.shepwave.com for today's End of 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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