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ShepWave... Futures down due to Terrorist Plots... ShepWave position in mid to longer term trend.. positions OK..
by ShepWave.com
Posted: 8/10/2006 08:17 EST

Investors on the sidelines

U.K. terror-plot fallout prompts caution in markets; oil price drops

Airline shares in focus as pre-market moves lower, playing off foiled terror plot. U.S. raises threat level to "severe" for flights bound from United Kingdom. Three U.S. carriers � United, American and Continental � reportedly targeted by plotters.
Relevant sites: Transportation Security | British Air | Continental

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Futures down due to the Terror -plot. ShepWave still positioned for mid to longer term trend. No Worries.

BOTTOM LINE: ShepWave is comfortably positioned to profit from the current mid and longer term trend. We will update with potential profit taking areas and short term reversal opportunities.

Refer to past two updates for targets. Use Shorter Term Targets in updates for possible profit taking opportunities for our positions in the QQQQ and GOOG.. When initial targets are hit in the NDX we will begin taking these two option trades off the table... possibly flipping them in to later expiration date. Refer to charts for GOOG from update published August 3.

I pray that all of your families and friends are safe. God Bless You ALL. We do all we can to protect our families and loved ones. It is the purpose of ShepWave to help keep our subscribers out of harms way with the markets.... today is no exception. We are positioned with the mid to longer term trend.. so all is well.

Click here to read recent ShepWave Updates.

10%+ move coming for the DOW INDUSTRIALS?? More for the Nasdaq.

I have published the regular scheduled update for Thursday early. The action of the indexes strongly strengthens ShepWave current stance. I show mid to longer term targets in tonight's update. I will show more detailed targets for the Nasdaq 100 and S&P 500 Index over the next couple of days.. get ready to lock in some profits.

Click here to read tonight's ShepWave update.

Click link below to join CLUB EWI.. It is FREE.

Browse through our BLOG for recent trade data.

Click here to see some of ShepWave's recent Trades. Making money on Short and LONG sides of the markets.

When the Dow Industrials Index recently hit a multi-year high in May the Financial Television Channels were pumping the rally. Flashing a ticker showing how many points to a new all time high. Who did this help? Click here to see one of many updates published that week showing our analysis and how we were positioning ourselves to PROFIT from the upcoming turn. Are these Financial Information channels helping the average investor or perpetuating denial as to the mid and longer term direction of the U.S. Markets? Click here to read our update from May 13, 2006. TARGETS HIT.

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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