ShepWave's BLOG

ShepWave

ShepWave.. Took Profits this morning in QQQQ.. $1.30
by ShepWave.com
Posted: 1/23/2007 10:23 EST

We have closed out the short term QQQQ trade this morning with a profit of $1.30.

We have also entered a new trade.

Go to the Shep's Trading Log after logging in to see the set up and suggested stop areas.

Click here to read today's ShepWave report.

I have published a special update tonight to keep building on our trade entry technique used last week and some methods that we can use to maximize profits or FLIP the position to the other side

Our QQQQ Trade entered last week closed out the day with a profit of $1.39. The FLIP trade set up as shown in the update published by market open Monday morning was never triggered.

The QQQQ came within 5 cents of triggering us out of the position. I go through the same scenario tonight. I show the area we are looking for to be broken to possibly FLIP the current position.

Click here to read tonight's ShepWave Update.

Click the images below to join CLUB EWI or buy books.

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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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