ShepWave Pre-Market / Intra Day Update for Wednesday.
by ShepWave.com
Posted: 8/9/2011 23:48 EST
SHORT TERM AGGRESSIVE TRIGGER HIT!
Read the notes in this update closely. Short Term Aggressive Trigger HIT. Use stops to lock in profits.
Log In at www.shepwave.com for today's ShepWave Intra Day Update and TRADE DETAILS AND TARGETS.
1:11 IMPORTANT POTENTIAL TRIGGER SPOTTED
We are seeing some very interesting short term chart patterns. The trade trigger just put in is a potential short term profitable trade for short traders and could lead to another good entry point for mid term and longer term traders/investors.
Log In at www.shepwave.com for this important TRIGGER. ShepWave Intra Day Update for Wednesday.
Important. Possible change in positions today.More Profit taking?
Read the notes closely today. ShepWave may take some more profits off the table today, may exit the positions entered yesterday for probably a 25% profit. Not bad for one day's work.
Log In at www.shepwave.com for today's Intra Day ShepWave Update and Trade Details.
Keep checking ShepWave Intra Day Update for Wednesday for continuous Intra Day Analysis.
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It appears that the positnons we scaled in yesterday was a good move. Depending on your time frame and trading style, as well as your risk tolerance, you need to manage this move. NOTE THE TRIGGERS HIT THIS MORNING. This is critical. This remains to be a very technically critical time in the U.S. Equity Indices. We have been able to make some very good profits lately. Markets have been predictable, especially for Swing traders. Log In at www.shepwave.com for today's Intra Day ShepWave Update.
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. |
Additional Pre-Market Notes for today's Pre-Market ShepWave Update.
Futures are down this morning. Keep in mind that stocks do not go straight up or straight down. Is this gap down open still part of an upward correction of the massive sell off we have seen recently? Read notes closely and follow along with the live continuous intra day analysis ShepWave will be publishing all day today.
Note Triggers, Signals, and TARGETS.
ShepWave began scaling back into some mid term positions yesterday after taking profits in the majority of our mid term (swing) trade positions. We willl be adding to mid term positions today.
Log In at www.shepwave.com for today's Additional Pre-Marfket Notes and ShepWave Intra Day Update for Wednesday..
Pre-Market / Intra Day ShepWave Update published for Wednesday.
Markets remain in a technically critical spot.
It is only Tuesday and already we are seeing the volatility already being very active.
Note the initial bounce targets for this rally. These targets could get hit very soon, many were hit on Tuedsay. ShepWave will continue doing live continuous intra day analysis for this week. This is a highly critical week and we could get some good positioning this week.
Note that over the past couple of weeks we have been exiting a lot of mid term (Swing) trade positions,locking in profits. We have already started scaling back into some new positions.
Log In at www.shepwave.com for Wednesday's Pre-Market / Intra Day ShepWave Update and for Details in NEW POSITIONS.
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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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