ShepWave IMPORTANT Pre-Market / Intra Day Update for Friday Published. Special Commodities Update Publisehd. More excitement this week.
by ShepWave.com
Posted: 7/14/2011 16:42 EST
3:20 VERY IMPORTANT INTRA DAY UPDATE
Read the notes closely in this update. Remember we are not only concerned with wave counts, triggers, signals and targets, but wave patterns can give traders a heads up to the trend.
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The $60 Three Month and $99 Six Month Subscription Specials will be ending. ShepWave will begin a referral program as part of Subscription Special for existing subscribers. If you are an existing subscriber and want to take advantage of the current subscription specials the time will be automatically added to your subscription.
12:50 NEW TRIGGER
A new aggressive trigger is given for this afternoon. Markets are whipsawing a bit today. So, be loose. But, this could be a good trading opportunity.
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Imprtant Update Published at 12:06
Note the New Short Term TRIGGER areas. The markets are moving and volatile. For those of you who took the Swing Trade Signal on Monday, your positions are doing well. Use STOPS to lock in profits. Note also a suggested stop area in this update.
The markets are at a critical point. This past week has been just as expected. We highly reccommend that all subscribers review the Four Part Series that was published last weekend. There are some very critical mid and long term technicals occurring.
Be objective and disciplined.
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Important Intra Day Updates Published today.
Sentiment down, but the highs of the morning were already in. Trade objectively. The markets have been easy to trade lately. Judging frrom emails I have been receiving many of you are doing very well. That is what we like to hear at ShepWave. Since the April 28 special update many of you have had an extremely profitable trading period. The market volatility could remain for a while longer, presenting some very profitable trading situations both on the Long and the Short side.
Watch the KEY TARGETS as noted in the charts for Swing (mid term) traders. These marks should get hit. The next buying opportunity may not be far around the corner. The Proifits we have been making on the short side have been very siable. Again, watch the charts closely and read the updates closely. Note Triggers, Targets, Stop Areas, and critical chart patterns we have been seeing.
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Important Intra Day Updates being Published all day today. Keep checking today's Update
Futures are bringing up the markets. Watching (or rather listening) to CNBC one would think the markets are at rallying to all time highs. Please be careful not to get caught up in their emotion.
Trade with objectivity, and discipline, leaving emotion out of it.
Pay close attention to the notes in this morninig's updates. Remember trading Gap Opens is a an art as well as a science. Usually we do very well trading gap opens.
Watch Triggers, Targets, and Stop Areas. It is the final day of options expiration for this month and it is a Full Moon today. So far this week has been very profitable for traders.
Is this gap up open a head fake, or the beginning of a rally to recent highs?
Today is a very important trading day.
Log In at http://www.shepwave.com/ for today's Intra Day ShepWave Update
The $60 Three Month and $99 Six Month Subscription Specials will be ending. ShepWave will begin a referral program as part of Subscription Special for existing subscribers. If you are an existing subscriber and want to take advantage of the current subscription specials the time will be automatically added to your subscription.
Shep Wave Special Update of Crude Oil, GOLD, GLD and SLV, and Dow Transportations Index.
This week has gone just as expected. I have received several emails from subscribers saying that many of you are doing very well. That is what I like to hear. Keep it up. This week has been a farily easy week to forecast, in fact the past few months have been quite easy, technically speaking.
The excitement which we expected for this week may not be over. In fact we may see some continued volatility for a few weeks. There has never been a more important time to really watch the charts closely whether your are a trader or investor.
Remember markets do not go straight down or straight up. Despite the bearish presence this past week, there will be some buying opportunities for Swing traders. The key is to always look at the markets objectively, with no bias. Just use the charts and analysis as your guiding tool. That is one reason why the Four Part Series was published last weekend. Keep that analysis in the back of your mind at all times. That way there will be no surprises.
Tomorrow should be another exciting day.
Log In at www.shepwave.com for Thursday's Pre-Market / Intra Day ShepWave Update.
Pre-Market Update for Friday Published.
As mentioned last weekend, excitement was to be expected this week. Selling on strength has been the way to play the market so far. Upside targets have been hit for aggressive traders to sell.
This has already been a very profitable for objective traders. More profits should be coming. Day Traders had a 23% intra day Options Play on Thursday.
GOOGLE came in very strong with their earnings report. The QQQ are up from their intra day lows. Is GOOG enough to prop up the TECHS?
Please note the trigger, target, and stop areas. The excitement is not over for the week, that we know.
Always stay objective. We should never be perma-bears or perma-bulls as traders.
As investors, there will always be some opportunities to buy. Again, watch the triggers and follow the analysis.
Log In at www.shepwave.com for Friday's Pre-Market / Intra Day ShepWave Update.
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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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