ShepWave .. Stopped out with small profit.. Today's NDX (QQQQ Trade entry NOW)
by ShepWave.com
Posted: 10/12/2006 12:03 EST
We were stopped out of yesterday's short term SHORT SIDE trade in NDX.. Small profit. Today's GAP up caused us to be stopped out above our adjusted stop.. so the profit wasn't as much as we 'tried' to lock in.
I am using the QQQQ Chart today. (Remember.. the QQQQ is basically 1/40 of the NDX in actual numerical value).
Later Same Day...
We have been stopped out of our entry today. $.08 loss on QQQQ.
We will look to reenter ASAP.
Click here to see today's trade and where and why we were stopped out.
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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.
100....13....4
| 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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