ShepWave
ShepWave update for Monday Published. Locking in some easy Profits Lately
by ShepWave.com
Posted: 6/17/2006 10:42 EST
I have published the Regular Scheduled update for Monday to show the technicals of the recent action. I show the Preferred Elliott Wave Theory count being used by ShepWave.com. I also show the technicals that need to occur if your are longer term BULLISH (or BEARISH) the markets.
The trend from the Recent top in May has been pretty easy to trade. Indexes unfolding in very predictable patterns for the 'trained' elliottician or technicican. Things could be getting a bit more muddled.. Don't Worry, ShepWave will hammer out more profits. Just may involve a little more discipline. (Translated: Less aggressive trades)
Bottom Line: There may be a BULLISH entry on weakness this next week. We show in today's update what we are looking for. We DO expect a bit of a Summer Rally We show potential entry targets in today's update. Been Locking In Some good profits lately both on the Long and Short sides. We will continue to hammer out profits... Just may take a little more discipline. We may incorporate a bit of a Straddle Strategy where we can make money on both sides. See today's update for our plan of action.
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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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