ShepWave.. Blame it on the FED Update. Are you positioned (Archived Update from May 9)
by ShepWave.com
Posted: 7/29/2006 00:21 EST

ShepWave.. Blame it on the FED Update. Are you positioned
Posted: 5/9/2006 3:14:05 PM

I am writing today's update to show the current forecast for the markets.  Will the 'FED' cause a sell off?  Who Knows, is the answer.  Investors and analysts have many 'news' items to blame any action of the markets on.  ShepWave shows technical evidence to give clarity to the action of the markets.  Are you positioned for the next potential 30% move in the indexes? 

CHARTS REMOVED

The 30 minute chart of the Dow Industrials to show that even this time frame is showing bearish divergence.  Is the market waiting for the FED meeting Wednesday before a decision is made?

No charts for the NDX today.  Refer to the recent updates for the Nasdaq 100 indes.

CHARTS REMOVED

The 60 minute chart of the S&P 500 index above shows curent bearish divergence.  The daily charts are still a bit muddled.   Maybe they too will clear up tomorrow.

Bottom Line:  If you are counting on a FED rally tomorrow you 'may' not get it.  A brief up tick to register new multi year highs is entirely possible.  The risk of the market turning and going down is imminent.  ShepWave is Positioned to take part in the next move.  We have entered aggressive positions.  Trade Confirmations will be shown for the Conservative Cautious trader as they occur. 

Shep

55.....8....12

57....9...16....59......9.....22....61......10.....8 

66......11.....16     69....13.....16    72....14....15 

83....20....12

96....26....16