ShepWave has entered an Options Position in BAC today.  For details on this trade go to http://www.shepwave.com/.   Click on Shep's Trading Log after logging in.  

 

I will do an update later with charts.  For those of you have been subscribers for some time just look at the Daily and 60 minute charts of this stock and you will see the reasons why we have entered this trade.   Looking for a potential 300% profit on this trade.. We will probably exit this trade in about 2-3 weeks.  The position is November Expiration.  Good Trade set up.

 

I will send out an email when I do the charts for this trade.

 

God Bless You ALL.

 

Shep

 

Click here to read tonight's ShepWave Update.

I have published the regular scheduled update tonight to show some potential patterns unfolding in the indexes.  As mentioned in Friday's update the 'preferred' Elliott count may not be the correct count.  Tuesday we saw the potential for a rally.  Even gave the Trigger to BUY IN.. ShepWave did not partake in this rally due mainly to the fact that we saw a strong potential for a quick rally only to sell off again.  We try to get in to trades which last at the least a few days and most subscribers are able to enter. 

Headlines tonight are already touting 'uncertainty' next week in the markets due to the war.  Elliott Wave Theory has already shown this point.  For any of you who have subscribed to Robert Prechter Jr. (Elliott Wave International) you have seen his charts showing how economic stats and Elliott Wave Theory Patterns foretell wars and general social mood.   For those subscribers who do not subscribe to EWI.. I strongly recommend at least signing up for CLUB EWI.. it is FREE.. Click on this image to sign up for free: 

The bottom line is this:  ShepWave saw the potential for a major HIGH in the indexes in the Spring.  The indexes have traded very predictably over the past several weeks.  The Type of analysis we do at ShepWave will show the technical reasons behind every market move.  There will be surprises once in a while  But for the most part the mid and longer term trends should remain predictable.  Tonight's update shows some mid and longer term targets we are looking at.  Some of these targets could get hit this week.

 

Click here to read tonight's ShepWave Update.

We should all remember to PRAY for Israel.   God Bless You and Your Family.

 

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