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ShepWave Pre-Market / Intra Day Update for Tuesday Published
by ShepWave.com
Posted: 10/31/2011 22:08 EST

Important Afternoon Notes posted

The U.S. Indexes have seen basically two weeks of gains erased in just a few hours. This has been a common pattern over the past few months. You obviously know this; the point is that we continually see people get sucked in to the hype of a miracle fix for whatever the perceived problem is; and then wham, down she goes. Remember, the purpose of Elliott Wave Theory is actually to give a measure of human psychology (and emotion) to the markets.

Note that we are seeing more confirmation triggers hit. Also, keep in mind markets do not go straight down. Read notes closely. See Targets!

Log In at www.shepwave.com for this afternoon's notes in today's ShepWave Intra Day Update

Tuesday Intra Day Analysis available thoughout the day

Depending on your risk tolerance and trading style you may want to adjust stops. If you have taken the recent aggressive signals then use stops to lock in profits.

Note the confirmation signals and targets

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

We saw some aggressive signals on Monday. Pay close attention to the confirmation signals and to the target areas in Tuesday's update.

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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