ShepWave update Published. Dow sold off 1.36% last week.. Rally this week??
by ShepWave.com
Posted: 8/14/2006 01:03 EST
In last Thursday's two part update ShepWave gave targets for the mid to longer term for the major indexes. ShepWave is looking for an almost 10% move for the Dow Industrials and S&P 500 Indexes over the next several weeks.. Last week the indexes Dow was down 1.36%.. The Nasdaq 100 index was down 1.14% and the S&P 500 index was down .99%.
Will the markets rally this week? Tonight's update shows the preferred Elliott Wave Theory counts for the short term and what needs to happen to strengthen either the Bullish or Bearish potential for the Markets.
Click here to read today's ShepWave Update.
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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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