ShepWave Short Term Analysis and Trade Modification
by ShepWave.com
Posted: 10/12/2006 03:01 EST
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I know this gets confusing trading the short term charts.. I show areas that 'could' be triggers.. and yet tell you that if it breaks the area to go ahead and take the trade anyway.. adjusting the stop. Bottom Line is that the short term trades lately have been pretty dead on. Today's timing was impeccable. No, I did not know that the plane was gong to crash in to the building.. Just saw an opportunity to SELL SHORT. Tonight's update shows how we are going to tighten the stops on this trade and possibly FLIP the position. This is for nimble traders only. If you can't act quick don't even attempt it. Don't worry. We will have many short term trades coming up. Hopefully some of you are learning the signals to look for in short term charts to enter a trade and how to protect your positions. I will try to update Thursday Afternoon. Hopefully a clear direction will be established for the mid term.... this is driving me crazy trying to flip every day. If I keep this up I will have to raise the rates. (kidding) Click here to read today's Short Term Trade Opportunity at ShepWave.
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Browse through our BLOG for recent trade data. 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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