ShepWave's BLOG

ShepWave

ShepWave. Mid Day Update Published. RALLY OVER?
by ShepWave.com
Posted: 8/22/2006 14:44 EST

Is the recent rally over? We had impeccable timing this morning in buying the DECEMBER Options for the QQQQ. This position along with the SEPTEMBER Options play should net a very nice profit. Core positions are already in place.. we have taken profits several times this year in the QQQQ and DIA.. We will be looking to take some profits in the current core positions in the next 6-8 weeks.

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.

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72....23......7

100...23....10
116.....23....15

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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