ShepWave
ShepWave Pre-Market / Intra Day Update for Friday Published
by ShepWave.com
Posted: 5/4/2012 03:44 EST
Our purpose at ShepWave is not to only show trading situations but to 'teach' trading situations and set-ups. The set-up we saw on Wednesday is a repeated pattern in the markets. The short term overlapping wave pattern we saw is a good pattern to watch set up, and depending on the time frame of the wave action we determine the length of the trade time. Easy profits!
We saw some critical technicals on Wednesday and Thursday of this week. See continuation signals in Friday's update. Short term traders who took the recent trade will want to lock in profits with stops.
By request we are extending the $150 / One Year ShepWave Subscription Special.
Important Intra Day Upate Published at 1:15 PM ET Friday
Notice how this week has given us the perfect trade set-up in the indexes. From the new recent high in the Dow Industrials index, which was not confirmed by the other indexes...to the short term overlapping wave formation on Wednesday, and now we are seeing some critical areas hit that could affect the mid to longer term trend.
Also, the move in Crude Oil today is very critical as has been covered in the ShepWave Updates for the past several months.
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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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