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..

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