ShepWave Pre- Market / Intra Day Update for Monday. Some PROFIT TAKING TODAY. ALSO Entered NEW POSITIONS
by ShepWave.com
Posted: 8/21/2011 23:23 EST

Busy day for traders. Took some profits and even entered into a new swing trade position which may be exited later this week. Today we have spotted some critical short term patterns which are also important to swing traders and even investors. Read notes closely. Let's keep the profits coming!

Busy day of trading folks.

ShepWave entered some new positions this afternoon. Log In at http://www.shepwave.com/ for Trade Details.

Do to the amount of positions open ShepWave took some profits today. This move was also due to the chart patterns.

Took 28% Profit in a NDX related Options play.

Took 86% profit in a NDX related Options plahy

Took 5% profit in a Dow Industrials Index Options play.

These were all options in ETFs which were closed out.

We will be looknig to enter some more Swing Trade Options plays soon.

Read notes closely in today's Intra Day ShepWave Update

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

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.

ShepWave has added a new short term chart showing the preferred short term Elliott Wave Theory wave count and projected pattern. If this projected pattern works out as expected we will be adding new potential Swing positions as early as this afternoon or tomorrow morning. I stress "potential" Swing positions because if the pattern is correct we could see a big move once this short term wave is finished. This could create some profitable whip-saw action for the next few days which could bring in some nice proftis by Friday.

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

Important Intra Day ShepWave Update published at 9:35 AM ET

Markets gap up big. Is this a rally to retrace the large percentage drop from the highs in April and July, or just another really selling opportunity. Take special note of bounce targets as shown in today's Update.

Keep checking today's update throughout the day for continuous live intra day trading analysis.

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

6:52 IMPORTANT Additional Pre-Market Notes in today's Pre-Market ShepWave Update.

U.S. Futures are up as of 6:57 AM ET. New Additional Notes have been added to this morning's ShepWave Pre-Market Update.

We saw the anticipated chart pattern fulfilled last week. This brought about the expected action in the markets, especially on Thursday and Friday. It is very important to stay objective and disciplined and to realize that markets do not go straight down or straight up.

See potential short term triggers and targets.

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

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