ShepWave Subscribers who have been following along with our live intra day trading updates should have made money this week. They should have been able to avoid the 'head fakes' in the market this week including the fizzled Bin Laden rally and the gap up on Friday. The technicals have worked out beautifully this week. Analysis has actually been quite simple, assuming that we all use our disciplined objective methods as instructed by ShepWave.

The bottom line is to make money. Regardless if the trend is UP or Down, just make profits. This past week saw the Dow was down only 1.34%, the S&P 500 off 1.72% and the QQQ off 1.03%. This does not seem like a very big downward move. However when considering the intra week highs it is actually an impressive downward move.

With that being said. A definitive TOP can not be said to be in. The indexes MAY RALLY AGAIN. The technicals we are seeing for the mid term trend are supporting yet a potential resumed rally and yet a new recent high. ShepWave will be showing the Trigger Signals for this to occur. Trade safe. Do not assume that a new top will come.

This update includes continued analysis for Crude Oil and the VIX (Volatility Index for the NYSE). Regarding the VIX. One cannot trade 'off' of the VIX, but it can be used to confirm positions and the trend.