ShepWave
ShepWave Profits from current Elliott Picture and Fibonacci Beauty.
by ShepWave.com
Posted: 6/8/2006 03:51 EST
I am publishing tonight's update to show what ShepWave.com is looking for in the near to not too distant future. In last night's update we showed our disciplined short term trader strategy to possibly enter the markets to the long side.. If you followed the analysis using the trigger shown you were never triggered in LONG. A double break of the $39.14 area never occurred.
ShepWave is still positioned to profit from the Mid to Longer term trend.
Core QQQQ position up $2.74 even after taking some profits recently
Core DIA position up $5.17 (equal to over 500 point move in the Dow Industrials)
QQQQ Options up 35%
DIA options up 43%
BAC (Bank off America) options ... Ok,, So this one is currently down a bit... August expiration so I am still expecting this trade to profit a potential of 100% or more.
Funny, I was just talking about a possible 'exhaustion gap' the other day. At this time the futures are down.. Asia markets are down 3% overnight.. I show in tonight's update what to expect if an 'exhaustion gap' does occur.
When the Dow Indu was trading at a 6 year high just last month .. CNBC had a special ticker showing how many points the Dow was away from hitting the all time high. Where is that ticker today. Instead of giving objective analysis of why a reversal was pending (which is what ShepWave did) they fed the fuel for 'suckers' to get trapped. Let's just stick to the facts and take our piece of the pie.... we don't want the whole pie,, but if we keep our noses clean and stay objective at ALL TIMES.. we should be able to get many pieces of the pie.
I highly recommend signing up for CLUB EWI if you already haven't.. This is a free service from Elliott Wave International... the largest Elliott Wave Group in the World.. Click image to sign up for free.. no obligations at all.
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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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