ShepWave Regular Scheduled Update for Monday Published.
by ShepWave.com
Posted: 9/26/2010 16:52 EST
Monday's Regular Scheduled ShepWave Update has been published. The current wave 2 rally is fulfilliing the purpose of a wave 2 rally, which is to bring back the sentiment of the previous rally. However, wave 2 rallies are just that a wave 2 rally, and not a longer term rally. So, while the TV pundits enjoy the wave of bullish moves, objective traders and investors are watching the clear technical indications created by the rally.
Friday's rally was not exception. An abundance of critical technical information was gained from the rally. Where will the Dow Industrials go next, to 14,000?....or to 8,000, or even lower?
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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