ShepWave
ShepWave Update. Will U.S. Markets be affected by Japan Crisis? Answer, YES!
by ShepWave.com
Posted: 3/14/2011 23:46 EST
The potential for a quick 30% move in the U.S. Equity indexes is rising. Watch targets closely.
Last Friday after the earthquake and tsunami in Japan the market pundits were constantly reminding investors that the U.S. Markets would not be affected by the earthquake. Since then the U.S. Markets have continued their downward move from the recent SELL SIGNAL which ShepWave issued weeks ago using the 60 minute time frame. There are new signals being issued currently on a longer term time frame. .
To think that the world economic system will not be affected by this disaster in Japan may be a big mistake. There will be many unanswered questions concerning the specifics from how will the Tokyo markets adjust to the new risk to how much of U.S. Investments will be sold to cover the costs of these disasters?
Futures are down a sizable amount as of 11:00 PM ET. A large gap down may be an exhaustion gap down. However assuming this is the case is not being objective nor disciplined. Watch the trigger areas and targets as published in Tuesday's update for further confirmation of the mid to longer term trend. Watch targets closely.
Log In at www.shepwave.com for Tuesday's Pre-Market / Intra Day ShepWave Update.
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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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