ShepWave Update Published. Targets for Mid Term Trend Confirmation.
by ShepWave.com
Posted: 9/24/2006 03:45 EST
I have published the regular scheduled update for Monday showing targets we are expecting to be broken soon (possibly this week) to strengthen the preferred Elliott Wave Theory counts being used by ShepWave. The Mid Term and Long Term Elliott Wave Theory preferred counts have not been broken. The Dow came within 40 points of breaking our counts.. but,, no cigar.. Those on the wrong side of the fence could be in for a 'rude awakening' in the next few weeks.
What are the Dow Theorists looking at and how could it effect the markets the markets this week?
The positions we entered last week (GOOG and BAC) along with our QQQQ and DIA positions should prove to be very profitable. Look for targets in tonight's update to signal increased trading strength in the Mid Term Trend direction.
Click here to read tonight'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.
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| 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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