As most ShepWave Subscribers know I do not typically watch CNBC with the sound up. However today I did listen to a portion of an interview by Maria Bartiroma. The person she was interviewing was extremely bearish, calling for a 40% market drop. Remember that on any given day the media financial pundits will have analysis from extremely bearish to wildly bullish. We at ShepWave have a goal of showing the analysis to be objective and profitable no matter what the indexes are doing. If you have been following along, even for the last six months the trend channel and short term wave patterns have enabled one to see the high range and the low range. You just can't make this stuff up. The trend channel will be changing very soon; so the key is to identify it as quickly as possible. So, even if there is a 40% drop in the markets, we are making money. That is the key.

 

 

We are seeing some critical action in Crude Oil that will affect the equity indexes.

Read the two important updates for Thursday.