ShepWave Updates for Frday.
by ShepWave.com
Posted: 7/7/2011 17:47 EST
Click HERE to read a recent trade diary from ShepWave. No currenlty open positions are revealed.
As stated earlier this week, (and last week) we did think we had seen a key buying opportunity. Is this an opportunity to SELL into this rally? Be careful and watch the trigger areas closely.
This rally has been very impressive, but keep in mind it has been on farily light volume.
A Special Update covering the charting analysis for Crude Oil, Gold and on the VIX will be readiy in a few mintues.
Log In at www.shepwave.com for Friday's Pre-Market / Intra Day ShepWave Update. Tomorrow will be another Live Trading Sessoni all day. It could be a very interesting day.
In this Special Update for Friday we take a close look a the technicals of Gold, Crude Oil and the VIX. These are very important charts and data. Watch the triggers and targets closely. The upward volatility of the recent rally has been very impressive, but is it a head fake?
Pay very close attention to the notes in the Crude Oil chart. The action in crude could determine the direction of the U.S. Equity Indexes.
Log In at http://www.shepwave.com/ for This Special ShepWave Update for Friday.
By email request an additional chart has been added to Friday's Special ShepWave Update. Some analysis for Silver using the SLV ETF. This one is for you specifically Dave.
Log In at www.shepwave.com for the Added Analysis for SLV in Friday's Special ShepWave Update.
10:41 PM ET
Some additional pre-market notes have been added to the Crude Oil and VIX charts in the Special ShepWave Update for Friday. Also, once the market opens I will be publishing an Intra Day Update Part II for traders using shorter time frame charts.
Friday's action is very critical. There are few times that can be as critical. Watch the triggers and targets shown in Friday's updates. Friday's action could determine the action in equities for the next few months.
Log In at www.shepwave.com for Friday's Special ShepWave Update.
m1344.8
| 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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