ShepWave Pre-Market / Intra Day Update for Tuesday.
by ShepWave.com
Posted: 12/22/2009 00:49 EST
What a difference one day can make in the 'charts' huh? Notice the recent converging trend lines provided the recent low in some of the major U.S. Equity Indexes. These lines are critical. As time progresses we will reevaluate the lines to determine which will play the role of primary importance.
The fact remains that the QQQQ showed some nice strength Monday. The lack of bearish divergence could be bullish short term....OR we could be in for another Island Pattern probably to last 2-4 more days.
Log In at www.shepwave.com for Tuesday'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.
|
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
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 |
303
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.
|