ShepWave
ShepWave Regular Scheduled Update Parts I and II for Monday Published
by ShepWave.com
Posted: 4/14/2012 02:44 EST
1:00 Important Intra Day Update Published
Taking some short term profits off the table today.
Despite the somewhat whip-saw action this past week nothing has changed in our trend view. Again, we have seen some key areas broken and possibly even re-tested.
Get ready for a potential 20%+ move in the indexes that could occur quickly.
Pay close attention to the confirmation trigger signals and targets we are now watching for.
Update Part I covers the analysis for the Major U.S. Equity Indexes.
Update Part II covers the analysis for Crude Oil, Gold, GLD, SLV and the VIX. Note that the analysis we were looking for in the commodities indexes to strengthen our view of the equities is panning out nicely.
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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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