ShepWave Critical Updates for Monday Published.
by ShepWave.com
Posted: 12/28/2009 00:33 EST
The Regular Scheduled and Pre-Market ShepWave Updates for Monday have been published. The indexes are showing some critical action. Notice we saw a break above a recent resistance line. Is this indicating that we will have a break out of the indexes to signal a rally to the 50 month moving average, or is this just an overthrow ready for a bearish reversal.
This is a very critical time in the markets. When the markets do hit the top of the wave 2 rally the reversal could be quick and forceful.
Log In at www.shepwave.com for Monday'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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