ShepWave Monday Updates Published. Is the rally over? Be careful assuming anything at this time!
by ShepWave.com
Posted: 4/18/2010 22:29 EST
Goldman hits the new scandal reports. This could be a coming trend. If there is a legitimate investigation it would be difficult to avoid further scandals.
The Wave 2 rally from March 2009 has been an impressive rally. Keep in mind the Dow Industrials Index is still 3,000+points from its all time high. According to Elliott Wave Theory the purpose of a Wave 2 rally is to bring back the sentiment of the previous rally. (Has this been accomplished?)
Watch the triggers and targets as shown in Monday's Updates. Short term traders should have some coming short term BUY and SELL signals. There is still a chance that the S&P 500 and Dow Industrials Indexes hit their 50 month moving averages. We will be watching the targets shown and the short term wave action to give more clarity.
Log In at www.shepwave.com for Monday's ShepWave Updates.
Special Six Month ShepWave Subscription for $99. This offer will expire without notice.
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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