ShepWave Regular Scheduled Update for Thursday Published.
by ShepWave.com
Posted: 1/5/2011 19:37 EST
We saw the gap down open create a bit of a 'slling-shot' effect this morning as expected. Hope everyone made money on this action. Trading Gap Opens can be very profitable. Don't assume that every gap will fill. In fact in the coming trading sessions don't be surprised if we see a gap down open that fulfills the Island Reversal pattern.
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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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