ShepWave
ShepWave Pre-Market / Intra Day Update for Tuesday.
by ShepWave.com
Posted: 10/3/2011 21:53 EST
Important Intra Day Analysis in today's ShepWave Updates.
Note that the ideal initial bounce targets were hit. The gap was filled in the SPY and the QQQ; again, this is showing the predictability of the markets to retrace to the expected targets.
The U.S. Equity Indexes have been moving in an ideal pattern since the recent high in the Dow Transportations index in early July. Profits have been healthy and consistent for mid term traders. ShepWave took more profits on Monday, locking in 74% profits in an options play entered last week.
Depending on the action in the morning ShepWave may be taking more profits off the table; positions are in positive territory. Picking which ones to take profits in may not be easy.
Log In at www.shepwave.com for Tuesday's Pre-market / Intra Day ShepWave Update.
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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