ShepWave Regular Scheduled Update for Thursday PUBLISHED EARLY.
by ShepWave.com
Posted: 11/22/2011 23:30 EST
The futures are down at this time. Dow Industrials Futures are down about 130 points below fair value as of 11:23 PM ET. I have received a number of emails from subscribers about 'what to do' in the current situation.
Those who took last week's mid term signal should be looking to place stops to lock in profits. However, do not get too anxious to get stopped out; see ideal targets for the mid term trend as noted in this update.
Last week's break of the six week trend/support line has proven to be a big deal. This should not be a surprise since we have seen recently that several weeks worth of gains can disappear in just a few hours. Many traders were expecting a bit of a bounce. Most of the emails I have received are inquiring about a bounce to add to short side positions. It is for this reason that I am publishing Thursday's Regular Scheduled Update early.
Log In at www.shepwave.com for Thursday's Regular Scheduled Update PUBLISHED EARLY
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Regards,
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ShepWave.com
About the Publisher, Elliott Wave International
Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world's largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private investors around the world.
| 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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