ShepWave Pre-Market / Intra Day Update for Wednesday Published
by ShepWave.com
Posted: 8/5/2014 23:19 EST

Remember our note on July 3, 2014, just a few weeks ago? ShepWave said, "The fact that the Transportation and Russell 2000 indexes have hit new highs and are showing some bearish divergence on the daily time frame has me ready to open some bearish positions. Ideally by next Monday or Tuesday there will be an opportunity to open some bearish positions in the Russell 2000 index." That note was put in our regular scheduled update for that Thursday. There were obviously other technical reasons why we sought to open aggressively bearish positoins at that time. In fact all the indexes in general proceeded to move in wave patterns and hit targets as anticipated.

It is important to pay close attention to the analysis at this time. Note how ideally the wave counts have worked out as anticipated. But also note the possible alternate wave counts that could also be coming. Remember to lock in some profits along the way no matter how aggressively you trade. That way you have locked in some good profits to be able to take riskier and potentially more profitable trades.

Log In at www.shepwave.com for Wednesday's Pre-Market / Intra Day ShepWave Update

ShepWave $139 One Year Subscription Special for our anniversary will end very soon.

11 year anniversary