ShepWave Pre-Market / Intra Day Update for Thursday Published
by ShepWave.com
Posted: 4/5/2012 00:15 EST
Additional Pre-Market Notes #2 posted at 8:48 AM ET
Additional Pre-Market Notes posted at 5:05 AM ET
We are seeing some interesting action recently. If you took the trade signal given Wednesday morning I would recommend using a tight stop to lock in profits. Note that we may just be seeing a re-test of the lower support trend line as shown in the Dow Industrials chart below. I will be exiting as soon as possible Thursday. Pay close attention to the mid term Triggers and Targets given in this update and the Regular Update for Thursday which was published early for Wednesday.
Charts for Crude Oil and the Dow Transportation Index have been added to the charts in this update. We are seeing some critical action in Crude Oil, but are not seeing the confirming action in the Dow Transportation index yet. Again, note triggers.
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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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