ShepWave
ShepWave Regular Scheduled Update for Thursday Published
by ShepWave.com
Posted: 5/23/2012 17:21 EST
Intra Day Update Published. Profti taking today.
We are seeing the whip-saw action as expected, but for those who took the same short term position as ShepWave did yesterday, it may be good to take profits now.
Additional Pre-Market Notes published at 3:10 AM ET
Futures are down slightly at this time. Expect some whip-saw action in the morning session Thursday. Some additional pre-market notes have been added for Thursday's Pre-Market Update.
Log In at www.shepwave.com for Thursday's Pre-Market / Intra Day ShepWave Update
Wednesday's Markets saw some critical short term action. Note that some profit taking was done as well as a new position entered. These trade changes were made due to the short term wave action as shown in the Pre-Market / Intra Day ShepWave Updates.
In the Regular Scheduled ShepWave Update for Thursday we see some critical patterns using the daily time frame which are supporting our trade decisions made Thursday using the shorter term time frames.
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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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