ShepWave Regular Scheduled Update for Monday Published
by ShepWave.com
Posted: 8/9/2014 01:12 EST
The rally we anticipated for Friday worked out nicely. Note the targets as posted Thursday and in Friday's Pre-Market Update. Note the targets and anticipated market action for this next week. Monday (possibly Tuesday) is going to be potentially very important day.
We received an email concerning the fact that we 'do not try to evaluate the news' necessarily to predict market moves. That was a correct statement. Remember that primarily it is the charts and the technicals seen along with wave formations that will help guide one in future market action. It is not that an objective trader is oblivious to the world (geo-political) events; but it is that one can better anticipate market reaction by evaluating the charts.
Log In at www.shepwave.com for Monday's Regular Scheduled ShepWave Update
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| 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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