Will the markets start one of the biggest moves in some time this week?
by ShepWave.com
Posted: 4/23/2006 03:29 EST
After last week''''s volatile week there is much technical evidence to strengthen the future potential market action. Recent Short Term positions have been Stopped out. (sometimes a sign of a trend change)
This next week should provide a very tradable market. With Options week over we can basically get back to work. (making money). I have shown the longer term counts for the indexes in today''''s update. I also give targets.
THE QQQQ made a 96 cent move intraday Friday. This could be very revealing. Now that Market Makers have covered their trades look out. Some very profitable trading opportunities could be coming as soon as Monday.
Entry levels are upon us. A potential 200-300 point move for the Dow Industrials is in the Cards.
The markets could be on the threshold of one of the biggest moves in some time. Don't Miss It.
For today'''' s update go to http://www.shepwave.com/
| 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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