ShepWave
ShepWave.com
ShepWave.com
Elliott Wave Theory stock market technical analysis. Major U.S. Indexes.
Specializing in QQQ and the DIA analysis and trading. QQQ and DIA Options trading.
ShepWave's BLOG

ShepWave

ShepWave.. No Afternoon Update.. Markets Acting as Suspected
by ShepWave.com
Posted: 6/6/2006 12:50 EST

 

Refer to last night's update for targets and strategies.   Especially the Chart for the Dow Industrials.  When the next target is hit we will possibly start to  close positions.  We will interpret the charts at that time with a definite strategy.  Remember in wave 3's that an exhaustion gap is possible.  (We wouldn't want to miss that opportunity)
 
Current Core DIA position is up $5.11.  (equal to a 500 point move in the Dow Indu)
Current Core QQQQ Position is up $2.80  after taking some profits last month.
 
For those of you who joined us in the BAC Options for August Trade.  It is still open.  We will probably be closing the position out in the next couple of weeks for a profit.
 
For Last Night's ShepWave update with targets and analysis of the current markets Click Here.
 
The next Independent Investors Crash Course from CLUB EWI will be out soon.  Click image below to Join CLUB EWI.. This is a free service from Elliott Wave International.  Enjoy.
 
http://www.elliottwave.com/a.asp?url=http://www.elliottwave.com/wave/course/&dy=bso-bn&cn=6sw 
 
God Bless you all and have a great day.
 
Shep
Posted later in afternoon.
 
I have published this quick update for short term traders with a possible short term trading strategy. Be careful and keep stops tight if signaled in.
Click here to read today''s update. Have the QQQQ ended a fifth wave of wave 1 down. Could signal a reversal.. strategies and targets shown in this afternoon''s update.
I will update as needed.
Shep

 

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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.
 
 
Shepwave Elliott Wave
Theory Tutorial


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