ShepWave Critical Updates for Thursday Published.
by ShepWave.com
Posted: 7/22/2010 01:35 EST
The Dow Industrials index sold off 200 points from its intra day high to its intra day low on Wednesday. The talking heads are 'blaming it on Bernanke.' While yes, the timing of Bernanke's comments can be seen as inciting the selling pressure for the short term trend on Wednesday, an astute trader should have seen this coming.
As covered in the recent ShepWave Updates the recent market action has been showing the possibility of a quick but drastic move in the markets. Wednesday's move may be just the beginning (of the next wave) of a major move. Pay close attention to the Trade Triggers and Short Term Targets as listed in Thursday's ShepWave Updates.
Log In at www.shepwave.com for Thursday's ShepWave Updates.
*The $99 Six Month ShepWave Subscription is in celebration of our 7 year anniversary. This offer will expire shortly without notice. July is almost over!
| 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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