ShepWave's BLOG

ShepWave

ShepWave.. Trading analysis for short term in BLOG
by ShepWave.com
Posted: 10/20/2006 03:23 EST

I am not publishing an update tonight. No need to.

Our current position is up $.05 as of Thursday's close.

Refer to the Updated posted on 10/19/2006 1:39:56 PM

Read the update closely If we are stopped out of the current position .. (that would be a loss of $.16... QQQQ) We will not only take the Loss.. but,, we will FLIP the position the other way.

This may sound confusing in the email.. but look at the chart and you will see the basis of why our stop is set where it is and if it is broken you will see the trading disciplines being used.

I will update as necessary. If we do get stopped out and FLIP the position ... keep the stop at $41.90 (Thursday's Close).

To see charts and analysis go to http://www.shepwave.com/.. remember read the update from 10/19/2006 1:39:56 PM.

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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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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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