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 Regular Scheduled Update for Monday Parts I, II, III and IV Published
by ShepWave.com
Posted: 6/2/2012 00:49 EST

All four Regular Scheduled Updates for Monday have been published. Update Part I shows the important chart pattern we are seeing in the Dow Indu and Dow Trans indexes on the monthly time frame as we have been mentioning for the past couple of weeks. Update Part III shows the Fibonacci Extension target for the Dow Industrials index which I am using as a gauge for the coming action in general. As we see confirmation signals the target will be fine tuned according to the shorter term wave action.
 
This is a very critical time for the markets. We have seen some very profitable trades and the signals we are seeing now should be setting up for a 20% quick move in the indexes. Should traders be looking for a rally to new recent highs, or should traders be setting their sites on the lows of October 2011?
 
Log In at www.shepwave.com for Monday's Regular Scheduled Update Parts I, II, III and IV

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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