ShepWave Regular Scheduled Update for Monday Parts I through IV have been published. Get ready for an interesting week.
by ShepWave.com
Posted: 7/9/2011 14:12 EST
In the Regular Scheduled ShepWave Update for Monday Part III the daily time frame charts for the Major U.S. Indices are analyzed. If the past two Updates were critical primarily for investors (especially Part II which covers the weekly time frame charting analysis), then this Update Part III for Monday is most critical for mid term (swing) traders and possibly even Day Traders.
This could be a history making week in the U.S. Indices. The technicals that are now being seen make that clear in the opinion of ShepWave. Considering not only the critical technicals that are being seen, but considering the fact that Earnings season kicks off this next week and it is Options Expiration and there is a Full Moon on Friday could make this next week one of the most profitable weeks of the year (or possibly years) for objective and disciplined traders.
In this Update Part III you will find key trigger areas, key trend lines and trend channels to watch, as well as distinct targets and trading strategies. The markets have been very easy to trade recently. Even on Friday when most Pundits were looking for certain Economic data results...well, let's just say, they should have known better. As far as the reasons (or motives) for these pundits consistently being wrong, one can only guess.
Please trade and invest responsibly. Use sound and objective judgment. Leave emotion out of the equation. Understand the current technicals and most importantly trade using objectivity and discipline at all times and always keep in mind your own risk tolerance and trading style.
This next week is very critical for many reasons and could prove to be one of the best weeks of the year for a disciplined and unemotional trader. Please read notes closely.
Log In at www.shepwave.com for Monday's Regular Scheduled ShepWave Part III
Regular Scheduled Update Part IV for Monday published.
The Regular Scheduled Update Part IV for Monday is basically a continuation of the Special Update last Thursday night covering analysis on Crude Oil, Gold, GLD, SLV and the VIX. Remember, as mentioned in recent updates there is a relationship between Crude Oil and Equities. This is an important Update. Note that the Triggers hit Friday were profitable. Let's keep it up. Read notes closely.
Log In at www.shepwave.com for Monday's Regular Scheduled Update Part IV.
ShepWave Subscription Specials are ending
Note: in celebration of the Eight Year Anniversary of ShepWave we have been offereing a lot of Subscription Specials. These are going to end very shortly. Also due to the fact ShepWave is now giving live intra day analysis during the trading sessoins the rates will be raised soon. Current subscribers will not see a rate increase, but the increase will only be for new subscribers when this change does occur.
Click HERE to read a recent trade diary from ShepWave. This covers the Eight Week bearish move from early May to Mid June. Note that we closed out the positoins prior to the recent two rally. No currenlty open positions are revealed.
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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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