ShepWave Updates for Thursday Published. Traders have seen some easy profits, now what?
by ShepWave.com
Posted: 8/26/2010 01:12 EST
Some easy trading recently huh? Can't beat the predictability. From the Island reversal which was confirmed to have been formed on August 11th the short and mid term bearish trades have been profitable. The call to BUY on the gap down open Wednesday seemed like a no-brainer and has played out well so far. This current rally could be tricky. Due to the longer term signals cautious traders are suggested to use stops that fit risk tolerance (also some suggested stop/loss areas have been shown in ShepWave Updates.) Note that he mid to longer term signals have not changed.
Pay close attention to the projected action and the key targets.
Log In at www.shepwave.com for Thursday's Updates.
| 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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