ShepWave
ShepWave.com
ShepWave.com
Elliott Wave Theory stock market technical analysis. Major U.S. Indexes.
Specializing in QQQ and the DIA analysis and trading. QQQ and DIA Options trading.
ShepWave's BLOG

ShepWave

ShepWave Thursday update published. RALLY OVER FOR STOCKS and CRUDE OIL?
by ShepWave.com
Posted: 9/7/2006 02:48 EST

 

Is the relative drop in the Nasdaq (compared to the other indexes) Wednesday an indication that the intermediate wave 2 rally is over?  Will the indexes begin 'falling' in unison once again?  Tonight's update shows some short term 'trigger' areas and what to look for to confirm mid to longer term bearishness.
 
The Dow Transportation index is very revealing.  For you Dow Theorists out there.. you know what I am talking about.   I show the Dow Trans chart today to show the next level to strengthen  mid to longer term trend for the Markets!!!
 
Crude Oil hits 200 day moving average Wednesday.. Will CRUDE break down in to bear mode? 
 
Click here to read today's ShepWave Update\
 
God Bless You.
 
Click the image below to join CLUB EWI.. it is FREE.
 
http://www.elliottwave.com/a.asp?url=club/join/&cn=6sw

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.

 

 93.....7.....16
225...9...3
287...10....1

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.
 
 
Shepwave Elliott Wave
Theory Tutorial


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