ShepWave. Possible BEST trading opportunity since lows of October '02
by ShepWave.com
Posted: 5/13/2006 15:01 EST
Outside Down Weeks for the indexes haven't occurred for several years. This could be one of the best trading opportunities since the lows of October '02.
After exiting most of our positions last week with large profits we are looking to reenter positions asap. By Tuesday we could be entered into OPTIONS and CORE positions for the QQQQ again. We will also be looking for some Stock Options Trades for some more easy 100%+ profit trading opportunities.
In this update I will show the charts for the Nasdaq 100 and S&P 500 indexes. Refer to the first update published today for the charts of the DOW. I show targets and possible trading strategies.
Notice the Nasdaq 100 index went within 2 points of the 50 week moving average. I show the potential opportunity that could be presented here. I also show charts for the QQQQ showing what we are looking for early next week to enter new positions.
We are looking for a potential 3% move in the S&P 500 index to happen in the next few days to weeks.
Click here to read today's update and analysis at ShepWave.
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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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