ShepWave
ShepWave.. Closed out 1/2 of short term QQQQ Trade for $1.00 Profit since Tuesday..
by ShepWave.com
Posted: 11/3/2006 12:14 EST
ShepWave has closed out 1/2 of the short term QQQQ Trade that was opened on Tuesday. Our profit is $1.00 for this 1/2 of the position. We have adjusted the stop for the other 1/2 of the position.
Go to Shep's Trading Log for today's exit and this afternoon's adjusted stop. Look at the trade that was entered on October 31,2006... We have added a new Trade Entry because we closed out 1/2 of the position.
I will have a mid day update published by 1:00 EST.. to show some short tem Elliott Possibilities.
at 12:36 EST.. Alert Mid Day Udpate Published.
I have just published a very important mid day update.. Due to the preferred and possible Alternate Elliott counts we have put in a stop to lock in a $.80 profit of the remaining 1/2 of our position. Closed out the first 1/2 with a $1.00 profit trade.
Possible FLIP entry for Aggressive traders is Stop is HIT. See Update for details and initial target.
Click the links below to Join Club EWI.. It is FREE and they have some great articles concerning technical analysis, economics, trends, etc.
AND I think they have a FREE TRIAL coming up in November. If you haven't read the article on Diagonal Triangles shown below.. click the link below.. Very applicable technical analysis for current short and long term trend.
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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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