ShepWave
ShepWave Update for Friday Published. Volatility back? Are investors still waiting for 14,000 in the Dow Industrials Index?
by ShepWave.com
Posted: 5/6/2010 23:32 EST
All of the speculation as to the cause of Thursday's action is comical to say the least. Notice once the key short to mid term trend lines and triggers as shown in recent ShepWave updates began getting hit we have seen confirmation signal after confirmation signal.
The key is not to be side-tracked by all the emotionalism on TV and from Financial Information sources. Now is the time to stay even more objective.
Some critical marks were crossed Thursday, even considering the possibility of a 'bad tick'. Also remember markets don't go straight down. Critical re-tests could be on the way!
Log In at www.shepwave.com for Friday's Pre-Market / Intra Day ShepWave Update.
Click Here to View the ShepWave Published Report from October 11,2007. When the Dow Industrials Index was still over 14,000.
Click here to read the ShepWave Update from May 26, 2008 The Last week the Dow Industrials Index saw 13,000.
Click here to read the ShepWave Update from August 21, 2008 when the Dow was at the 11,400 area.
ShepWave provides the Services listed below for Less than $20/Month
Short, Mid and Long term Trading Analysis with Trade Entry Signals, Strategies, and Targets
Regular Scheduled Updates Published by Market open on Monday and Thursday.
Intra Day Updates for QQQQ, DOW,S&P 500 and selected individual stocks most every day.
Our purpose is to not only show potential trade set ups and the management of those trades but to TEACH objective disciplined methods of trading for any time frame.
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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.”
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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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