ShepWave Special Dow Industrials Update just Published. Brief Down Tick followed by a new high?
by ShepWave.com
Posted: 5/8/2006 23:29 EST
I am writing tonight's update to show the Weekly and Daily charts for the Dow Industrials. We are seeing a possibility of one more dip only to be followed by a 'brief' up tick leading to a new 6 year high. I have given targets for the indexes in recent updates. I will update the targets once a 'confirmed' trade signal is in.
We have entered Aggressive trades for the Dow Industrials index (DIA) and the Nasdaq 100 index (QQQQ). Options trades entered also. Aggressive traders can also enter positions for the S&P 500 and other indexes. Is a 'market crash' in place for this Summer? Or will the Dow see a new 'all time high'?
Click here to go to ShepWave to see updates and analysis.
If you haven't signed up for CLUB Elliott Wave International Click on the link below. It is free.
| 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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