ShepWave's BLOG

ShepWave

ShepWave.com Summer Rally Coming? Potential 500-700 point move for the DOW?
by ShepWave.com
Posted: 6/16/2006 10:20 EST

If you are 'spinning' as Bill Pisani was talking about on CNBC because of recent action.. just go to ShepWave and read our updates.. You will notice that the indexes are acting just as suspected.

Targets were hit for the Dow Industrials index yesterday. We locked in profits. We show in last night's update the expected action. By Monday I will publish a Special BULLS Update. I will show a potential opportunity to BUY the DOW and make approximately 500-700 points in a fairly short time.

In the mean time. No need to do an update this morning. Markets are acting just as we suspected they would.

We are positioned for today. Current short term positions should stay open for 5-13 days. Not too late to profit from this short term opportunity.

The charts will unfold as time passes and we will tweak targets.

Enjoy the day.

Shep

P.S. Remember:

Every day is a day when we must carry the vision of God's will in to all our activities.

( just one of my favorite lines)

Today is a good day to check out CLUB EWI. It is a free service from Elliott Wave International. Very interesting and informative.

Click Image to join CLUB EWI for FREE.

Click here to read an interesting article..

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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.