ShepWave Update published. Targets HIT. New targets Issued.
by ShepWave.com
Posted: 5/16/2006 16:20 EST
Our target area in the Dow Industrials came within 4 points of being hit today. The other indexes are behaving just as suspected.
Like I have been saying. The markets 'should' be easily tradable for at least the next few weeks. In tonight's update I show the next targets for the indexes. I will continue to monitor action and show areas where profits can be taken depending on the frequency of your trading. LONG TERM investors and traders SHOULD be positioned NOW. Keep stop/loss areas that meet risk tolerance. The rest of the year should be VERY PROFITABLE. Looking for a 30% profits in our core DIA positions alone. MORE with options and QQQQ core and options positions. I am looking forward to a record year this year.
Potential 5% move for the Nasdaq over the next couple of weeks. Don't miss this opportunity.
Click here to view today's updates at ShepWave for targets and analysis.
| 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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