ShepWave Thursday Updates have been published.,
by ShepWave.com
Posted: 1/20/2011 02:39 EST
Was the sell off in the Nasdaq an indication that the top is in? Be careful making assumptions. Note the key trend lines and triggers as shown in Thursday's Updates.
Yes, there is going to be a major sell off in the indexes. The important thing is to be objective in calling a top and watching the technicals as well as the trigger and target areas. Remember that even when the market is selling off there are many opportunities to make money on the long and short sides of the market.
Log In at www.shepwave.com for Thursdays' 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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