ShepWave Pre-Market / Intra Day Update for Friday Published
by ShepWave.com
Posted: 1/28/2016 23:22 EST
The markets remain predictable. This translates as PROFITS.
The futures are up at this time. Remember the note from Thursday, "Please do not assume that we will get an Island Reversal. the alternative view is that we actually see a sizable gap up and a continuation of the current wave 2 rally." So, a sizable gap up open could actually lead to the realization of the higher retracement targets as given over the past week.SEE TARGETS! SEE PROJECTED WAVE PATTERN!The error that most traders and even investors make, is that they are stuck in their beliefs about which way the market(s) are going; and they do not understand that there is a working out of waves that brings the predictability.
Trading gap opens is a specialty at ShepWave. And it appears that we may have a season of gaps coming up. There have been many periods in the recent market history that this happens. The fall of 2002 comes to mind as one example.
The time to stay objective is now. See Targets for this potential rally in Friday's ShepWave Update.
ShepWave subscription special is ending. Rates to resume $250 PER YEAR soon. 12 year anniversary
Additional Pre-market note published at 11:36 PM ET:
Okay, now the futures are down as of 11:36 PM ET.
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
<
December 2024
>
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.
