ShepWave Pre-Market /Intra Day Update for Wednesday Published.
by ShepWave.com
Posted: 7/19/2011 19:12 EST

Markets range bound as expected. The wave actoni and chart pattern we are expecting to work out is being strengthened. This could lead to a 5-10% move. The position we have been scaling in over the past two days could be a very profitable position.

Log In at www.shepwave.com for Today's Intra Day ShepWave Update.

It was not coincidence that the key target areas given last week after we saw the Sell Signal last week, Monday, were hit this week on Monday and then we saw a big rally on Tuesday.

Remember the purpose of a Wave 2 rally is to bring back the sentiment of the previous rally.

Does that mean that the rally is over? Not necessarily. In this update you will see one particular chart pattern that we feel will come to fruition. This is a favorite pattern to trade off of and can culminate in sparking a 5-10% quick move in the U.S Equity Indices.

Note the chart patterns, wave counts, triggers, signals and targets in this ShepWave Update. The markets are heating up and should continue to be very profitable for traders over the next several weeks.

Also note the alternate Elliott Wave Theory wave counts.

The excitement we were expecting for this week is here, and may not be over.

Log In at www.shepwave.com for Wednesday's Pre-Market / Intra Day ShepWave Update.

vm...1249.....16