ShepWave Pre-Market / Intra Day Update for Friday Published.
by ShepWave.com
Posted: 11/10/2011 19:13 EST
We are seeing some potential short term wedge formations. This 'should' lead to a short term bullish move. It may be a very quick move so watch closely. See targets in the today's charts.
It is still unclear if the top is in. We will need to pay close attention to the charts. Wave patterns are very important in confirming key market turns.
Note that Crude Oil is continuing to rally. This (in my opinion) is a bullish wildcard for Equities. But, on the flip side the VIX is holding above the 31.28 mark. So, again, we have a lot to pay close attention to.
The Dow Industrials index has maintained a tight range between two key trend channel lines.This trend channel will be broken. Use triggers to adjust positions.
Log In at www.shepwave.com for Friday'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. |
|
| About my BLOG |
|
|||||||||
| Su | Mo | Tu | We | Th | Fr | Sa | |||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | |||
| 8 | 9 | 10 | 11 | 12 | 13 | 14 | |||
| 15 | 16 | 17 | 18 | 19 | 20 | 21 | |||
| 22 | 23 | 24 | 25 | 26 | 27 | 28 | |||
| 29 | 30 | 31 | |||||||
|
Post back your comments What do you think of this blog entry? Post back your comments and let us know.
|
