ShepWave
ShepWave Regular Scheduled Update for Monday Parts I and II Published
by ShepWave.com
Posted: 7/6/2012 23:34 EST
One just has to love a predictable holiday week. The markets acted as anticipated this past week. Traders were able to lock in some nice profits. Nice 20%+ profit in an options trade opened Thursday and closed on Friday. We should see more of these opportunities in the near future.
Read the Updates for Monday closely.
Update Part I for Monday contains the critical analysis using the daily time frame for the major U.S. Equity Indexes. Notice the preferred Elliott Wave Theory wave count is working out nicely.
Update Part II for Monday contains the analysis for Crude Oil, GOLD, GLD, SLV and the VIX. Compare the analysis with Crude Oil in this update with the analysis for the Dow Transportation index in Update Part I. The action is moving nicely again...as anticipated. Also note that Gold, SLV,and the VIX are all showing critical signals. The buying opportunity for Gold may be as far off as you may think.
Log In at www.shepwave.com for Monday's Regular Scheduled ShepWave Updates Parts I and II
The $150 One Year subscription special will end this weekend.
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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