ShepWave Crticial Updates for Monday Published
by ShepWave.com
Posted: 9/30/2011 23:48 EST
PROFIT TAKING THIS AFTERNOON
ShepWave took some profits off the table this afternoon. Locking in 74% profits in one options play which was entered last Tuesday.
Log In at www.shepwave.com for today's Intra Day ShepWave Update and Trade Details.
ShepWave IMPORTANT Afternoon Intra Day Update Published.
MORE PROFITS FOR ShepWave Positions today.
ShepWave Pre- Market / Intra Day Update for Monday Published.
ShepWave Regular Scheduled Update for Monday Parts I, II, III and IV Published
Every weekend since early July ShepWave has been publishing a series of four reports. This is in addition to the Pre-Market Updates published every night prior to a market day and the Intra Day Updates when necessary and/or when possible. These are not part of the regular ShepWave package, but because of the importance of the current state of the U.S. Equity markets we saw it as a necessary component to maintaining objectivity and discipline in the coming volatile season.
As objective and disciplined traders and investors it is important not to bring into one’s trading any unnecessary presuppositions. The belief that real estate values would always continue to rise was shattered a few years ago. The belief that the value of equity indexes will always go up could be about to be broken as well. It does not pay to be dogmatically bullish or bearish, but rather to let the technicals speak for themselves
Back in early July ShepWave saw some technical patterns in the Dow Transportations index that led us to believe that the indexes were hitting an important top. Those technical patterns and signals have worked out well and have been very profitable.
Just as it was the Dow Transportations index which was a critical and leading indicator back in July we are currently seeing some further potential leading indications by the Transportations index. Every trader and investor should be watching closely this action. A big market move could be very near.
Updates Parts I and II for Monday cover the current critical technical analysis using the Monthly Time frame for the Major U.S. Equity Indices.
Update Part III shows the critical analysis using the daily time frame for the Major U.S. Equity Indexes. Update Part IV shows analysis for Crude Oil, GOLD, GLD, SLV, and the VIX.
Log In at www.shepwave.com for Monday's Regular Scheduled Update Parts I and II
Log In at www.shepwave.com for Monday's Regular Scheduled Update Parts I and II, III , and IV
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.
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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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