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ShepWave.com Adjusting STOPS to LOCK IN PROFITS.
by ShepWave.com
Posted: 5/30/2006 23:17 EST

I am writing tonight''s update to show the current Elliott Wave Theory pattern that has been emerging and where the markets should be heading. I have adjusted stops in core positions to Guarantee Profits. As of the close today our positions are in the black.

Core QQQQ Position is up $2.56.. (after taking $1.84 in profits in May).. Not bad.

Core DIA position is up $3.53. (equal to over 350 point move in the Dow.)

QQQQ Option position is up $.20. (20 %. looking for 200% profit here)

DIA option position is up $.35. ($43.75%.. Looking for 200% profit here as well)

BAC option position is FLAT.. Bid is $.95 Ask is $1.05.. we paid $1.00

The BAC position should be a 100% or more profit. Expiration is August for the BAC trade. The DIA and QQQQ Options trades expire in September. There is a potential for a 400% profit in the QQQQ Options Trade.

Click Here to read Analysis Updates with targets and Stop/ Loss Areas at ShepWave.

Click on image below to Join CLUB EWI for FREE.

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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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