ShepWave Regular Scheduled Update for Monday Published.
by ShepWave.com
Posted: 9/19/2010 20:01 EST
Many investors are still waiting for the Dow Industrials index to regain the 14,000 area. The pundits on television and elsewhere foster this attitude. However, it is the technicals which the Dow Industrials Index (in particular) has seen since the high just three years ago that tell a different story.
The current wave 2 (which began at the March 2009 lows) has indeed been profitable for investors and traders maintaining Long Side positions. How much longer will this mid term trend be bullish until the longer term bearish trend resumes in fulll force?
Log In at www.shepwave.com for Monday's Regular Scheduled ShepWave Update.
| 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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