ShepWave Update Just Published.
by ShepWave.com
Posted: 4/26/2006 14:43 EST
I am publishing the Regular Update scheduled for Thursday morning today. The Markets are seeing a nice rally today. The possibility for a new multi year high for the Dow and S&P is still alive. Don't expect this opportunity of a new high to last very long. I show potential trading opportunities for Short, Mid and Long term traders in today's update.
Any one LONG the Dow Industrials index should take caution. Although a new high should be coming your target is just above the 11,400 area. If you have not already taking profits you may want to LOCK IN PROFITS?
The S&P 500 hit the 61.8% fibonacci retracement area of the recent down move. This could be very revealing
Our analysis is showing signs that some very profitable LONG and MID term trades should be coming soon. Entry points could be NOW.
The GOOGLE options trade entered on Monday is doing nicely. Still up 25%. Hold this position. We are looking for at least a 100% profit on this ONE TRADE. We will keep updating with trade strategies and disciplines.
go to www.shepwave.com for today's update.
| 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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