ShepWave Updates for Monday Published.
by ShepWave.com
Posted: 11/29/2010 05:31 EST
The preferred Elliott Wave Theory wave count is that the U.S. Equity indexes are in a wave 2. The view that the markets are headed towards new all time highs should be met with a certain level of skepticism. The goal is to use technical analysis to determine the direction of the markets and to profit from that direction.
If this is a wave 2 than the markets could be have either working out a key top or may have hit a key top. Read ShepWave Updates to see the exact trend lines, wave counts and trigger areas we are using to confirm the trends.
Log In at www.shepwave.com for Monday's ShepWave 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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