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.... Wednesday's Rally Over??? GOOG to rally? ShepWave LETTING PROFITS RUN..
by ShepWave.com
Posted: 7/21/2006 04:26 EST

I have published tonight's update to show some potential Elliott patterns unfolding in the indexes.  At the close of markets Thursday our GOOG Options Trade (opened Monday) had  a 58.16% profit.  Our QQQQ Options Trade (purchased Tuesday) had a profit of 6.4%.  I am looking for a profit of 200% in the GOOG trade and at least 100% in the QQQQ Trade.  As evidenced by market action today ShepWave tries to enter positions that all subscribers have time to enter and exit.

  As noted in Tuesday's update.(before the rally yesterday).  " We may get a very quick upward rally.. but, It may occur too quickly for most of the subscribers to partake.  This is another reason ShepWave is not partaking in this possibility.".. actual line from Tuesday's Update.     Not trying to Boast here.  Just trying to give a clearer idea of how ShepWave tries to position its trades. 

Remember our first goal is to teach trading disciplines.  Many of our subscribers "DO" use us as a 'black box' trading system.. That is fine.... but our real goal is to teach trading strategies and disciplines that can be used for TRADING ANYTHING  in  ANY TIME FRAME.. We each have our own style of trading that suits our needs.  It is important to recognize that fact and learn how to profit no matter what your 'style'.

Tonight's update shows some various trading opportunities that should play out in the next few weeks.  We should get a confirmation of the shorter term Elliott Count soon.  Possibly Friday. (today).

Should we take profits in our GOOG Options trade?.. Could be time.. I show an alternate short term Elliott Wave Theory count in tonight's update that could point to a bit of a rally... then followed by the expected longer term move as shown in the Special GOOG report done earlier this week.  58.16% profit in 4 or 5 trading days is tempting. 

I will update as needed Friday.  Please use caution  in the GOOG trade.  Read tonight's update closely!.

Have a beautiful day.  God Bless You ALL.

Click here to read tonight's ShepWave Update.

 

It seems everyone really enjoyed the FREE TRIAL at Elliott Wave International this past week.  I hope everyone was able to expand their education on Elliott Wave Theory a bit.  Also, it was good to see how we at ShepWave differ form other analysis sites.  We show trading techniques and strategies.  We do a lot more than just give Elliott Wave Counts.

  I strongly encourage anyone who has not signed up for CLUB EWI to do so.  They publish articles all the time..  I find them very interesting.  Also,  I highly recommend everyone subscribing to EWI in addition to ShepWave.com. 

Click the image below to Join CLUB EWI for FREE.



 This section posted at 10:49 A.M. (same day)

No need for a morning Update today.... Letting Profits RUN..

No need for an update today. 
 
Refer to last night's update for the Preferred and Alternate Elliott Wave Theory counts.  Notice the Dow has held the target for the Preferred count to play out.  Short term traders can use this.  (wait for trigger entry.. alternate counts may be playing out in the NDX.. so careful)
 
We are maintaining all positions today. Core QQQQ and DIA positions are well in the black.  QQQQ Options play is up 20% since Tuesday.  GOOG Options play is up  55%.. we are letting these run.  Cautious traders can start scaling out.  Once the GOOG position is at 100% profit.. we will probably close out 1/2 of position and let the profits work for us only.  Again,  This is all subject to change.. depending on the charts at that time.  For now all positions are staying pat.
 
For today's update go to http://www.shepwave.com/ 
 
Click the image below to Join CLUB EWI.. it is FREE.
 
 
 
http://www.elliottwave.com/a.asp?url=club/join/&cn=6sw



 
Elliott Wave International
Market Watch Prechter
A Ghost I Haven't Seen For a While...  7/6/2006 5:43:26 PM  " Historically, two things have always been true about the world's estimated oil reserves: 1) The experts chronically underestimate the size of those reserves, and, 2) The actual size of the world's proven oil reserves has increased every year for as long as records have been kept....Read More Fed Watchers, Beware Your Beliefs  7/6/2006 6:27:00 PM  " People think that the Fed 'managed' the economy brilliantly in the 1980s and 1990s. But the deep flaws in the Fed's manipulation of the banking system to induce and facilitate the extension of credit will bear bitter fruit in the next depression.Read More
Forex Focus
Futures Focus
Why DIDN'T the Dollar Rally Today?   7/6/2006 12:42:38 PM  " If last week's main event was the Fed's decision to raise U.S. interest rates for the 17th consecutive time, this weeks 'main attraction' has to be the meeting by the Fed's counterpart, the European Central Bank, about the same issue. Well, the ECB did meet today -- and left the rates unchanged.~OK, let's do some basic fundamental analysis now. The Fed raised the U.S. rates to 5.25% last week. The ECB kept theirs at 2.75% today. The U.S. rates remain almost twice as high as in Europe, giving the USD a clear interest rate advantage. You would think that in this situation, the USD would soar, right? Nope... Read on.~Read More The Perfect Storm In O.J.  7/6/2006 12:17:23 PM  " If you want to know about hurricanes, read the mainstream financial news stories on orange juice. If you want to know where OJ prices are headed in the days to come, read Daily Futures Junctures....Read More
Global Wrap
European Market Watch
Global Markets Ready for World Cup   6/5/2006 2:27:51 PM  " World Cup football is here, with the opening matches of FIFA's Germany 2006 scheduled for Friday, June 9. Keeping track of all of the teams and the matches is a gargantuan task -- much like the task any investor faces when trying to track financial markets around the world.~Read More Europe: 'Sell in May...' or 'Summer Rally'?   7/3/2006 9:11:23 AM  " They don't just say, 'Sell in May and go away...' for nothing. May and June are never the friendliest time for stocks -- but this year, they've been particularly harsh. In all fairness, though, the recent declines weren't completely unexpected. Many European analysts went on record calling for a 10% correction -- sooner rather than later. And how could you not? European indexes haven't had a decent correction in over three years, so the recent 'hiccups' could be just that.~It's precisely this 'normalcy' to the declines that makes it tempting to call them 'just a correction.' And then go ahead and load up on 'cheap' European stocks... But as Tom Denham, editor of our European Financial Forecast Service, warns: 'The current juncture is a difficult one. Buying European stocks now would be a little like trying to catch a falling knife. You might succeed, but there is a good chance of being cut.' How do you avoid getting 'cut'? Know what the larger trend is. And the just published, July European Financial Forecast tells you just that... Read on.~NEW! NEW! NEW! Our European Financial Forecast Service (EFFS) now tells you about Special Global Opportunities -- three times a week!~The latest updates include forecasts for the Singapore Straits Times Index and the India Sensex Index. See The European Short Term Update for details (ESTU; part of the EFFS). You'll find Special Opportunities reviewed earlier in the Archives section of the ESTU.Read More
The Independent Investor Crash Course was a huge success: Over 25,000 visitors downloaded the 5 free reports! Dont miss out! Weve extended free access until Friday, July 7. Dont follow the herd -- start thinking independently, visit the Crash Course Now.
Feed Shark
 

Elliott Wave International
Market Watch Prechter
Does Gossip Serve a Purpose?  7/19/2006 6:24:59 PM  " Why would the nation's newspaper of record, whose professed standard is 'news that's fit to print,' run a piece that endorses gossip -- and on the 'Science' page, no less?Read More Markets, Human Nature -- and Gold -- Show Wave Patterns  7/18/2006 3:18:24 PM  " What is the stock market? It is an arena in which people are valuing their fellows' progress every minute it is open. It is a wonderful coincidence that people are so interested in money, because it means that for quite a long time, human beings have kept intricate records of their valuation of productive enterprise. Read More
Forex Focus
Futures Focus
EURUSD: Deficit-Schmeficit?  7/13/2006 9:59:48 AM  " Yesterday morning (July 12), the U.S. Commerce Department announced that the U.S. trade deficit widened to $63.8 billion in May. Bad news for the U.S. dollar, right? You bet. Forex analysts polled before the announcement feared that, 'an expanding deficit could draw attention back to the huge U.S. trade shortfall.'~Well, the USD started gaining on the EUR around 3 AM yesterday. And despite the wider trade gap report released at 10 AM and all the fundamental reasoning that went with it, by 11 AM the USD gained almost 100 pips against the EUR. If you think that makes no sense, you're not alone... Read on.~Read More Grade A B C Meat  7/20/2006 3:53:03 PM  " Read More
Global Wrap
European Market Watch
Baby Boomers, Birthdays & Bikinis   7/7/2006 5:14:26 PM  " Yes, that iconic symbol of licentiousness and sexiness was first introduced in 1946 in France by two designers who couldn't get a French model to model it. Read More We're Gonna Party Like It's...2006  7/18/2006 12:09:56 PM  " The Berlin Wall came down in 1989, which just so happened to be the same year when Berlin techno-music lover and aspiring DJ Matthias Roeingh gathered about 150 of his fellow techno-fans on a local street, put speakers on top of his van, and 'raves' -- wild do-it-yourself dance parties that quickly gained worldwide popularity -- were born. Who knew that just a couple of years later Matthias, by then known as DJ Dr. Motte, would throw the largest rave party on the planet? The annual event, called the Love Parade, grew bigger by the year. But to the chagrin of the fans, the event lost its status as a demonstration in 2001 and 'began to slip into financial trouble.' Then, in 2004, after sixteen consecutive years, the Parade was canceled. In 2005, it was canceled again... But this year, Berlin 'felt the love once again as the Parade returned!' The Love Parade tradition has been revived, and yet 'something was missing,' as one eight-year Love Parade veteran put it. 'Nothing is as much fun as this, but we can't understand why we are not more people.' Why, indeed? Read on...~NEW! NEW! NEW! Our European Financial Forecast Service (EFFS) now tells you about Special Global Opportunities -- three times a week! The latest forecasts include the Saudi Tadawul All Share Index, Tokyo Nikkei 225 Index and Seoul KOSPI 200 Index. See the European Short Term Update for details (ESTU; part of the EFFS). You'll find Special Global Opportunities reviewed earlier in the Archives section of the ESTU.~Read More
FreeWeek may be over but great opportunities still exist! Find out more now at http://www.elliottwave.com/a.asp?url=/freeweek/&cn=6sw

 

 
 42....21.....11

82.....27

170......21...22

296...22....2.....300..22 ...2....

400..22.....21

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


Search Engine Optimization
and Free Submission
Go Ezines
Ezine Directory - Find
ezines, ezine trades,
ezine advertising, articles,
tips and advice about ezines
at the Ezine Directory.
Common key words for shepwave search: qqq, qqq trading, qqq analysis, qqq quotes, nasdaq 100, elliott wave theory, qqqq options, stock market, trading stocks, qqq, trading options, dia, dia analysis, dia quotes,dia options, qqq timing, dia timingmarket timing, dia trading
Top of Page
x

ShepWave Login

Enter your Login and Password:

Login:
Password:
 
Remember my login next time.
Keep my account always logged in.

 

x

Forgotten Password

Enter your email address:

Email:
 

 

x

Privacy Policy

ShepWave.com wants your visit to our web site to be enjoyable, informative and secure. We have gone to a large effort to use the most advanced security measures to allow this to happen.

ShepWave.com promises:

1. We do not give out your telephone number, address information, or screen names, unless you authorize us to do so. And we give you the opportunity to correct your personal contact email address information at any time.

2. We will keep you informed, about what we do with your personal information, and we will advise you if we change our policy.

Thank you for visiting our web site.

ShepWave.com

 

x

Enter Trial Code

Enter your trial code:

Code: