ShepWave Pre-Market / Intra Day Update for Thursday Published.
by ShepWave.com
Posted: 8/17/2011 17:47 EST
END OF DAY NOTES PUBLISHED.
Market action has been very predictable lately. Note that even the ideal bounce targets have been getting hit, then market is seeing the bearish reversal. Also note the Triggers hit today and the projected market direction for the next few days and weeks. Do not forget, markets do not go straight down or straight up.
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The Markets remain in a very technically critical point. It is not a good time for traders or investors to be complacent. Possible 20%+ move coming soon. Position Now.
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.
Importnt Intra Day Update published at 2:40 PM ET
Also covered in this Update is the action in the VIX (Volatility Index) and the Preferred Elliott Wave Theory wave count.
Log In at www.shepwave.com for today's Intra Day ShepWave Update.
Important Intra Day Update Published. Keep checking today's ShepWave Update for live continuous analysis.
"You can't make this stuff up!"
Markets acting EXACTLY as expected. The predictability of the markets lately has been clear and profitable.
Note that the Chart Pattern ShepWave was expecting recently has worked out nicely with this morning's gap down open. Also note that we saw the aggressive Triggers hit yesterday, with more triggers being hit today.
Please remember to take into consideration your own trading style and risk tolerance. Taking profits along the way is a good idea.
See Triggers, Chart Patterns and Targets in ShepWave Updates. Markets are heating up and the predictability should remain for a while still. "Easy Money"
Log In at www.shepwave.com for today's Intra Day ShepWave Update.
Additional Pre-Market Notes for Thursday Morning Published.
The projected Chart Pattern we have identified as a possibility the past few days seems to be working out. The futures are down as of this time. A gap down open may confirm the pattern. This is a favorite pattern for ShepWave to trade. We have seen a couple of these patterns recently and they have equated to locking in some nice mid term profits.
Also note triggers we hit on Wednesday and the confirmation Triggers we are looking to be hit.
Log In at http://www.shepwave.com/ for the Additional Pre-Market Notes in Thursday's ShepWave Update.
ShepWave Pre-Market / Intra Day Update for Thursday Published.
The U.S. Equity Indices moved as expected on Wednesday. As ShepWave has been covering, there is a potential very profitable chart pattern forming. We saw some key short term/aggressive triggers hit Wednesday.
Markets could be heating up and ready to make a quick 10-20% move.
Log In at www.shepwave.com for Thursday'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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