ShepWave Intra Day Update for Monday. New Positions entered today.
by ShepWave.com
Posted: 6/13/2011 11:11 EST
Is today's 'weak' rally a sign to buy? CNBC is asking if this is the end of the correction in stocks. Someone needs to tell them that the DOW is 2,000 points off its high of a couple of years ago hit in 2009. The rally from the lows of 2009 is a wave 2 move. The longer term bearish trend is still in play.
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$60 Three Month and $99 Six Month Subscription Specials will be ending very soon.
12:50 Intra Day Update.
I am leaving the office now. Markets are doing exactly as we expected them to do, time to play golf. Use stops that fit your own risk tolerance and trading style. I will be back about 5:00 PM ET to give a recap of the day and end of day Update.
ShepWave Subscription Specials are ENDING SOON!
Log In at www.shepwave.com for today's Intra Day Update, including the details of our new positoins.
| 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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