ShepWave Intra Day Update for Friday. END OF DAY NOTES. Monday Update Part I Published.
by ShepWave.com
Posted: 7/29/2011 16:39 EST
Regular Scheduled Update for Monday Part I Published.
The markets remain in a very technically very critical point. The Triggers, Signals and Targets have been working out as expected. The expected Chart Pattern (Island Revesal) identified two weeks ago has worked out nicely and has provided some profitable opportunities.
The technicals from this past week are very important. We have new trigger and target areas for next week.
There WILL be a buying opportunity. Watch the TRIGGERS for market direction and confirmation.
Profits should keep on coming. The volatility should remain for a while longer. Optimize this time as a trader and/or investor
Log In at www.shepwave.com for Monday's Regular Scheduled Update Part I. Daily Charting Analysis.
Market is heating up. ALL ShepWave Specials and Free Trials will end soon.
The ShepWave Eight Year Anniversary Subscription Specials ($60 Three Month Subscription and $99 Six Month Subscription) will be ending soon. We will begin a referral program for subscribers. For every new subscriber you introduce to ShepWave we will add one month on to your subscription. Note that once the big move comes in the indexes this special will be terminated, if not sooner.
Also keep in mind that eventually access to the Intra Day Continuous Updates will be an additional charge for those who are not current subscribers to ShepWave. Rates will not be raised for current subscribers at the time we start this new subscription package.
END OF DAY UPDATE FOR FRIDAY
As expected, this week has presented very profitable trading opportunities for both Short term and Swing traderrs. Last week's Options play worked out profiting 24%. ShepWave also took other profits off the table this week.
As stated several weeks ago, the U.S. Equity Indices are seeing extremely critical technicals. The technicals and chart patterns are working out as expected.
This next week the critical nature of the markets should continue, providing even more opportunities for profits.
This is a potential History making period in U.S. Equities. Don't miss the move. ShepWave is still expecting a potential 5-10% move (will this move be Upward or Downward? Only the charts can tell).
This week the Dow Industrials index lost 4.24%, the Dow Transportations index lost 4.5% (this is critical), the S&P 500 index lost 3.92%, and the Nasdaq 100 Index lost 2.75%. Markets are heating up and are behaving in a very predictable fashion. Next week should be another very profitable week for astute, objective and disciplined traders. Do not get wrapped up in the emotion coming from CNBC. '
Watfh ShepWave Triggers, Signals and Targets. Everything working out nicely.
Log In at www.shepwave.com For Friday's Intra Day ShepWave Update, END OF DAY NOTES.
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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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