ShepWave Pre-Market / Intra Day Update for Tuesday.
by ShepWave.com
Posted: 8/23/2010 21:59 EST
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Market technicals are confirming the trend. Short to mid term traders should be locking in profits. From the Island Reversal earlier in the month to the present the indexes have been fairly easy to maneuver. The key techncials as shown in the Monday Regular Scheduled Update (published Sunday) are supported by Monday's action. Use stops as suggested or stops that fit your own risk tolerance or trading style. Log In at www.shepwave.com for Tuesday's Pre-Market / Intra Day ShepWave Update.
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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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