ShepWave Pre-Market / Intra Day Update for Thursday.
by ShepWave.com
Posted: 6/9/2011 02:40 EST
The U.S. Equity Indexes have seen a big move downward recently. ShepWave subscribers (who have been following the triggers and signals) have locked in some nice profits. The technicals of last week as covered in the Regular Update for Monday may have an overbearing effect of the short term analysis. That is why we stressed those technicals so highly.
Markets do not go straight up or straight down. Ideally we see clear distinct wave movements. However, there are reasons to believe that the market is setting up for a big 10-20% move over the next few weeks or months. For the triggers and targets read the recent updates published by ShepWave.
Log In at www.shepwave.com for Thursday's Pre-Market / Intra Day ShepWave Update.
Read the Intra Day ShepWave Updates for Thursday.
Note that the SPY have come within 24 cents of the ideal short term target. In this update ShepWave emphasizes the importance of the 5-7 period 'rule.'
Log In at www.shepwave.com for today's Intra Day ShepWave Update.
| 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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