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ShepWave Critical Updates for Thursday Published. PROFITS TAKEN
by ShepWave.com
Posted: 9/21/2011 22:29 EST

Thursday's Intra Day Update shows the critical analsysis. Also we have taken some profits off the table today.

The move we have seen since the trade trigger yesterday afternoon has been impressive. But,will this gap open fill? Note all the evidence. A chart for the VIX has been added; note that this index has also broken out of the wedge pattern. We have been seeing a lot of wedge patterns recently in the Indexes. This is critical.

ShepWave took some profits off the table today. Several mid term ETF positions closed out and one options play closed out for 57% profit.

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

Wednesday's action worked out as expected. Note that the preferred Elliott Wave Theory Wave count is working out nicely.

Also note the orderly and methodical action we have seen in the markets recently. This is confirming the mid to longer term trend.

Pay close attention to the confirmation TRIGGERS as shown in the Pre-Market / Intra Day Update for Thursday.

The Regular Scheduled Update for Thursday covers some analysis for ETFs in the Metals, Real Estate and Financial Sectors as well as analysis for the Dow Transportations index which is very important at this time.

The U.S. Equity Indices remain at a critical technical point.

Log In at www.shepwave.com for Thursday Critical ShepWave Updates.

The ShepWave Subscription Specials ($60 Three Month Subscription and $99 Six Month Subscription) have been extended a while longer due to the critical nature of the markets.

We have begun 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.

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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