Shepwave Update Published. Stock Market Analysis. Elliott Wave Theory.
by ShepWave.com
Posted: 5/15/2006 21:41 EST
Today's action is forming the beginning of what could be a minor degree wave 2 of a much larger degree wave 3 which the outside down week last week has triggered. I show the preferred labeling in tonight's update.. A brief down tick followed by a rally possibly breaking today's high at the close is to be expected. Should be some pretty easy trading for the next few weeks. 11,464-11,547 is the potential target area for the wave 2 to end. I show potential patterns for the next few days with targets and trading strategies. But be careful there is a WILD CARD.
Entry Possibilities for Short, Mid and Longer term traders/investors.
If you haven't entered positions yet, I show more ways of entering the current markets to make maximum profits.
Click here for tonight's update at ShepWave.com
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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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