ShepWave Important Thursday Updates Published.
by ShepWave.com
Posted: 6/10/2010 02:07 EST
Thursday's Intra Day Update published at 10:23 AM ET
Thursday's Pre Market Updates Published.
The intra day bearish reversal Wednesday should not come as a big surprise. Note that the highs set on Thursday hit the short term targets on the SPY and Dow Industrials Index as shown in recent ShepWave Updates. There are still some bullish short term wildcard targets, but these are weakening.
Important to note is (1) the stop/loss areas for cautious SHORTS, and (2) the key targets for mid to longer term (swing) traders. These areas (as shown in Thursday's Regular Update) should provide support and a potential multi week rally.
Bottom Line, the market action has been clear and indicative.
Log In at www.shepwave.com for Thursday's Important ShepWave Updates.
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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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