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ShepWave.. Over $.50 overnight profit in short term QQQQ Trade.
by ShepWave.com
Posted: 10/17/2006 10:26 EST

I have published today's update to show how we are going to tighten stops in our QQQQ Position that was entered yesterday. Nice $.54 profit over night in the QQQQ. LOCK IN PROFITS.. don't necessarily close the position.. but put in stop that will ensure profits. Also, The chart I showed yesterday afternoon with the 30 minute chart of the DOW is very interesting today. I have posted the same chart. Look at today's low and where it is in relation to the trend line drawn in.

go to http://www.shepwave.com/ for today's update

Scroll down to the bottom of this morning's update to see the exit price of yesterday's entry for the QQQQ Trade. Quick $.57 profit.. We have entered a new position. The new position is also shown in the update. Looking for a potential $.60-$.80 trade in the next few days.

go to http://www.shepwave.com/ for today's trades.

I have published a special update tonight to show the short term potential direction. This is options expiration week.. sooo... some volatility is to be expected. The short term trade entered this morning is up $.07.... we adjusted the stop this afternoon. If you were stopped out.. you 'can' reenter and adjust stop. Please use your own risk tolerance as a guide as well as the stop we show. I am looking to enter two short term trades this week. Maybe even three. The charts in today's update show some key levels to watch for in the short term.

Click here for today's special ShepWave update

I have published Monday's regular scheduled update to show the mid to longer term trends and possible targets for a continued BULLISH Market. I will do an update by Monday Morning with short term trading opportunities. Last week we had 3 out of 4 profitable trading opportunities.. only one loss and that was a $.08 loss in the QQQQ. I will try to do more of these types of trades. (I feel I have to do something to try to make up for being wrong in the recent rally.) Keep in mind... the markets are overbought. Markets can stay overbought for an extended period. Once the confirmed break is in a quick drop 'could' occur.

Has the M-3 (money supply) been supporting the recent bull run? Will the markets stay propped until the November Elections? Those are two questions I have been receiving in e-mail:.. and are very good questions.. or theories.. Unfortunately.. it is very difficult to see when the money supply will stop supporting the markets.

Click here for today's ShepWave Update.

	Learn to Trade The Most Dynamic Wave Pattern A Q&A with Trading Expert Jeffrey Kennedy After Futures Junctures Editor Jeffrey Kennedy released How To Trade Diagonal Triangles, Futures Focus sat down with him for a four-part Q&A series about his favorite Elliott wave pattern. And to our surprise, Jeffrey picked off and served up some of his most valuable tips for trading the diagonal triangle. This report has the scoop.
	Bulls, Bears & War Bulls, Bears & War is a free Club EWI report that goes beyond the usual cause and effect analysis of war and the markets to explore whats really behind both. Download the report, free.
	How to Trade Diagonal Triangles Superior Risk/Reward Trade Setups Watch a lesson from How to Trade Diagonal Triangles: Superior Risk/Reward Trade Setups. Learn how to identify a diagonal triangle, how to confirm an entry point, and how to calculate a price projection for the move.
	Real Estate: Boom or Doom? Get grounded on the reality of the housing market with our exclusive report. Compiled from three issues of our Financial Forecast Service, it features analysis spanning the past six years. Don't rely on the news. Get an objective view that can only be revealed with Elliott wave analysis.
	Is the Price of Oil Really High? "The Peak Oil bulls never tire of listing economic forces that will cause oil to go up for decades and centuries. Never mind we did not hear about this when oil was $10 a barrell... But there is a far more

Added trade around 11:30

We have entered a short term position in the QQQQ this morning. To see actual price and stop/loss read most recent update. Scroll to the bottom to see I added the chart and text showing price and stop.

Go to http://www.shepwave.com/ for today's trade.

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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66....17....16

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.

Previous Entries

ShepWave THREE Updates for Monday Published. ---$99 THREE MONTH SHEPWAVE SPECIAL ENDING-- ALSO--- GET FUNDED TO TRADE FUTURES FROM APEX-----Use coupon code:XKZKHCRV

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