ShepWave
ShepWave.. Selloff to continue or was Monday a 'one day wonder'?
by ShepWave.com
Posted: 11/28/2006 22:59 EST
I have published a morning update reinforcing short term targets and possible Elliott Wave Possibilities. Short Term position shown in last night's update is in the Black.. Put in a trailing stop to lock in profits.
'Reversal' coming?
Was Monday's sell off a 'One Day Wonder'? Or was Tuesday just relieving short term oversold conditions created Monday? Today's update shows the 'key' areas that were crossed Tuesday to strengthen a mid term trend change. I also show the next levels that need to be hit to give more clarity to future mid to longer term trend. We are at a critical time in the markets. Please read closely
I give targets and strategy for short term traders.. Can we go LONG??? for a short term trade. See triggers in today's Update.
ShepWave entered a QQQQ Options Trade on Tuesday.. We have a trade signal confirmation using daily charts to enter this trade.
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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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