ShepWave Pre-Market / Intra Day Update for Tuesday
by ShepWave.com
Posted: 10/10/2011 23:07 EST
The recent rally has taken the indexes almost to the August/September highs for the Major U.S. Equity indexes. Remember that even in longer term bear markets sudden rallies are expected. Note that last Tuesday ShepWave exited many bearish mid to longer term positions, locking in profits.
The buy signals could still be in play but there is definite reason to be cautious. See the possible chart patterns we are currently watching for in this update.
Log In at www.shepwave.com for Tuesday's Pre-Market / Intra Day ShepWave Update.
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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