ShepWave Pre-Market / Intra Day Update for Tuesday.NEW POSITIONS ENTERED TODAY
by ShepWave.com
Posted: 8/8/2011 22:54 EST
Some very important End of Day Notes have been added to today's Intra Day ShepWave Update. NOTE TARGETS and Elliott Wave Theory wave counts. Log In at www.shepwave.com for today's Intra Day ShepWae Update.
Basically we got the reaction from the FED announcement we were expecting. I would have preferred a bit of a higher pop right at the announcement, but it is still working out well.
Those who mirrored the earlier trades should be looknig good now. Keep in mind the preferrred Elliott Wave Theory Wave count as given in today's Intra Day Update. Log In at www.shepwave.com for today's Intra Day ShepWave Update. New Positions were added earlier today. 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. Existing Subscribers can take advantage of the Special prior to the expiration of their current subscription; the time will automatically be added to subscription. This special is directed to existing Subscribers mainly. Thank you for your years of support.
After taking a lot of profits off the table recently ShepWave has began scaling in on some Swing trades today. Log In at www.shepwave.com for Trade Details and for today's Important Intra Day Analysis in todya's Intra Day ShepWave Update.
Traders (and investors) please remember to keep checking the site through out the day. We are continuously updating with intra day analysis. We have switched to a more aggressive time frame and are seeing signals now.
We will not be sending out emails every time we add new notes.
Log In at http://www.shepwave.com/ for today's Intra Day ShepWave Update.
More Important Pre-market Notes posted at 9:00 AM ET
The U.S. Futures have done a 180 on us over night. So, the Trade at Open that was published at 1:30 AM ET has been adjusted. Read notes closely.
Markets are due for a rally, right? Well one would think. Be careful of this gap up open. DO NOT GET INVOLVED WITH THE EMOTION OF COMMENTATORS ON TV. Stay objective and disciplined and watch the patterns unfold. Watch the Trigger areas as indicated iin this morning's charts. NOTE TARGETS, Short term bounce targets are given. So, if the Trigger is hit, we could see some quick profits to the upside. Again, read the notes closely in today's update. I will be doing live intra day analysis throughout the day today. Be ready for anything.
The markets remain at a critical point, technically speaking.
Log In at www.shepwave.com for today's Additional Notes in this morning's ShepWave Pre-Market Update.
Important Additional Pre-market notes posted at 1:30 AM ET.
Some important additional Pre-Market Notes have been added to tomorrow morning's Update. We will probably have a good 'Trade at Open.' Read notes closely. This is an aggressive trade, but should work out well.
Log In at www.shepwave.com for the Additional Pre-Market Notes in Tuesday's Pre-Market ShepWave Update
Pre-Market Update for Tuessday Published.
U.S. Equity Indexes erase 11 Months of gains in just TWO WEEKS. This recent reversal was seen as a strong potential by ShepWave in early July. Refer to July 9th and 10th Updates.
In just the past couple of weeks we have seen some major losses in the indexes. Every day we see the indexes get crushed there are inevitably many pundits arguing how what a great buying opportunity it is. This should remind you of 2008.
In early July ShepWave began publishing a special series of Updates every week showing the many different time frames and the triggers and signals we were expecting to get hit. What sparked this was the fact that the Dow Transportations index basically hit a Triple All Time top and could not break the resistance mark. There were additional technical reasons we saw a major top and reveresal coming in the markets.
So, if you have been following the mid term trading signals you should be well in the black in just the past couple of weeks.
Markets do not go straight down. Eventually we will get a rally. In fact ShepWave expects a possible quick violent rally to come shortly. However wait for the cautious triggers we have been identifying. This "falling knife" can be dangerous.
Log In at www.shepwave.com for Tuesday's Pre-Market / Intra Day ShepWave Update. The U.S Equity Markets remain at a very technically critical point.
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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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