ShepWave
ShepWave.com
ShepWave.com
Elliott Wave Theory stock market technical analysis. Major U.S. Indexes.
Specializing in QQQ and the DIA analysis and trading. QQQ and DIA Options trading.
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ShepWave

ShepWave Pre-Market / Intra Day Update for Tuesday.
by ShepWave.com
Posted: 10/11/2010 23:46 EST

The futures are down a bit as of 11:20 PM ET. Conditions are ripe for the expected Island Reversal but take note of the first 45 minutes of trading if the markets do gap down at the open. Note that Monday was the 5th day of the potential Island Pattern.

Also, note that the Dow Industrials index re-tested its 50 month moving average on Monday.

Have the markets hit a key top, or are they still in the process of finishing this wave 2 rally?

Log In at www.shepwave.com for Tuesday's Pre-Market / Intra Day ShepWave Update.

 


 
The markets are showing critical technical signs that should cause all investors to be paying close attention. For a ShepWave Update that was published on October 20, 2007 when the Dow Industrials Index hit 14,000 click HERE.

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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