ShepWave
ShepWave. Profits, Profits and More profits. Market Action as Expected.
by ShepWave.com
Posted: 7/14/2006 14:19 EST
Ok, So I was watching CNBC a bit today. Most of you know it is my favorite 'comedy' channel. To see the 'pundits' scrambling for excuses is very amusing. Just recently in May when CNBC was pumping the rally ShepWave warned of an 'imminent downturn.' (exact words)
No need for a mid day update.. ShepWave is letting current open positions run.. See daily charts in recent updates for targets for current positions. Took some nice profits earlier this week.. QQQQ Options trade profit was 83.3% ORCL Options trade profit was 100%.. not bad for a leaving the positions open only a couple of weeks. We are looking to re-enter QQQQ Options and some individual Stock Options.
Over $3.00 Profit in core QQQQ Position
Over $3.00 Profit in core DIA Position.
This is after taking profits several times over past several weeks in 1/2 of core position and reentering.. We are currently looking to re-enter the 1/2 core QQQQ Position that was closed out yesterday for a profit of $2.75.
I am receiving a great response to ShepWave doing more individual stock analysis.
Feel free to submit suggestions.. Email me at
shep@shepwave.com with stocks you would like covered... I plan on doing several updates this weekend.. not only to go over recent patterns and trading strategies for the Indexes.. but for some individual stocks.
We at ShepWave will continue to do our best to 'navigate' through the markets and keep hammering out profits. As you read in the mid day update Thursday.. we had technical reasons for taking profits in our short term more aggressive positions while leaving open our core positions. Read Thursday's Mid Day update for targets for the mid to longer term trend. As mentioned there may be a reversal to the mid/longer term trend.. We show how to trade these opportunities..
Click the image below to sign up for the FREE WEEK at CLUB EWI.. Elliott Wave International...( Robert Prechter Jr.) publishes some interesting analysis and some very interesting reading regarding social economic changes that are happening around us NOW.
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We at ShepWave are extending our bonus time offer.
Sign up for 3 mos ($60) receive an extra one week.
Sign up for 6 mos ($100) receive an extra two weeks.
This Offer will expire at Mid Night on Wednesday, July 19. (eastern U.S. Time)
Time purchased wil be automatically be added to subscription. I will manually enter the Bonus Time.
We had a great response to the bonus offer we had on Monday.
Thank you.
Go to www.shepwave.com for updates and analysis.
Friday, July 14 at 10:32 A.M eastern U.S. time
I have published this quick update to show a potential technique to use if you are trying to trade short (or long) term trends. Remember that taking a trade against the longer term trend is risky. ShepWave does not usually take these trades. We have to assume that not all subscribers are nimble enough to put in proper stops or wait for proper entry.
ALSO:
I have some requests to do more individual stock analysis. I am going to do this. I have some individual stocks that I will start covering. The advantage to trading a particular stock is to find one with a higher BETA. This means that: say the nasdaq loses 1% the individual stock with a BETA of 2 would lose 2%... Finding a stock that is trading (tracking) with the index is key.
Trend Trading, Trend trading stocks, market trends,stock trends,stock market technical analysis, stock market timing,qqqq, qqqq options, qqqq trading,options, options analysis,stock options, trading options,trading stock options ,stock market technical analysis
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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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