ShepWave Regular Scheduled Update for Monday Published.
by ShepWave.com
Posted: 2/7/2010 21:30 EST
Monday's Pre-Market Upate also published.
Traders, pay attention to the pootential short term buy signal triggers and target areas...and most importantly keep the Fibonacci Extension Targets for the indexes in mind over the next few weeks.
Log In at www.shepwave.com for Monday's Pre-Market / Intra Day ShepWave Update.
Monday's Regular Scheduled ShepWave Update Published.
The Dow Industrials and S&P 500 Indexes saw an outside down week last week. This is just after the major U.S. Equity Indexes saw an outside down month for January. The writing is on the wall for a potential major sell off in the markets over the next several weeks/months. Caution is still reccommended, see triggers and potential stop areas. Also, remember markets don't go straight down. There should be some very sizable rallies, 5-10% while this mid to longer term move is in progress.
It is important to be looking at potential mid term targets, see Fibonacci targets as shown in this and other recent ShepWave Updates.
Log In at http://www.shepwave.com/ for Monday's Regular Scheduled 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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