ShepWave Important Updates for Thursday have been Published
by ShepWave.com
Posted: 11/30/2011 19:56 EST
Wednesday's rally was impressive. However was this rally just as many term a "short covering rally?" The technicals we are seeing at the current time are critical.
The Regular Scheduled Update for Thursday covers the daily time frame analysis for the Dow Industrials, Dow Transportations, S&P 500 and NDX indexes. Even the daily time frame is showing the critical nature of the current market conditions.
Also shown is the important technical analysis of Crude Oil which remains to be a potential Equity Bullish Wildcard and the VIX which we will be using to give confirmation to the mid term trend.
Watch triggers and targets closely. In just three trading days the markets managed to hit the bounce targets issued this past weekend. The indexes are at a critical point.
Log In at www.shepwave.com for Thursday's Regular Scheduled ShepWave Update
| 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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