ShepWave
ShepWave.com
ShepWave.com
Elliott Wave Theory stock market technical analysis. Major U.S. Indexes.
Specializing in QQQ and the DIA analysis and trading. QQQ and DIA Options trading.
ShepWave's BLOG

ShepWave

ShepWave Pre-Market / Intra Day Update for Monday Published
by ShepWave.com
Posted: 2/6/2012 04:10 EST

The Super Bowl is over and it is time to get down to work. The Dow futures are about 48 points below fair value. Gap Opens are interesting and ShepWave tries to explain the different ways to trade gap opens. Typically if the market gaps down one would expect the gap to fill; and the reverse for a gap up. But, there are certain market chart patterns which one needs to be aware in regarding what to expect.
 
The current rally has been impressive. Last week we saw Crude Oil break below some key short term areas. This could be a bearish forward looking signal. It is still too early to 'double those shorts' yet.
 
Note the trigger areas and signals for this week in this Update.The markets could be setting up for a quick 20%+ move soon. Be ready!
 
Log In at www.shepwave.com for Monday's Pre-Market / Intra Day ShepWave Update
 
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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.
 
 
Shepwave Elliott Wave
Theory Tutorial


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