ShepWave Pre-Market / Intra Day Update for Wednesday. Equities and GLD (Gold ETF) hitting key triggers.
by ShepWave.com
Posted: 8/23/2011 22:10 EST
Important Gold (GLD ETF) Update Published.
The triggers given in this past weekend's Update Part IV for GLD have been hit. See Targets for the gold etf, GLD.
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Keep Checking today's Intra Day Update for Live Continuous Updates.
Aggressive Triggers HIT this morning. Be careful however. Look for confirmation triggers.
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ShepWave Pre-Market / Intra Day Update for Wednesday.
As a successful trader/investor one of the most important aspects is to be disciplined and objective at all times. This means to look at both the bearish and bullish views for the markets. Tonight's Update is very important.
The short term bounce targets were hit on Tuesday, however this does not automatically mean that the markets will make a bearish reversal. Please read the notes in this update closely. Watch for confirmation triggers. Note areas and triggers which one may want to use as a stop area OR an area to put in hedges.
Volatility is still here and things could realy heat up for the rest of this week.
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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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