ShepWave
ShepWave.. QQQQ Short Term trades this week you should have a realized profit of over $1.80.
by ShepWave.com
Posted: 2/9/2007 13:28 EST
Friday Afternoon we Closed out the QQQQ Entry from Thursday Afternoon.
Realized profit of $.65.
Been a good week. Looking forward to next week being even better.
Monday's Regular Scheduled update will be written this weekend and will be published by Monday Morning pre market open with
This has turned out to be an OK week in our short term trading analysis. If you have followed the updates showing potential short term trading opportunities you should be up over $1.80. ShepWave trades shown in the Shep's Trading Log have profited about $1.20 this week. We did not partake in all the trade set ups shown in the updates. (Scheduling, conflicts..,,etc..).
Remember ShepWave is NOT a live intraday trading service. We will continue to show short term trading opportunities depending on MY SCHEDULE. I will not ever be chained to my computer for the purpose of trading. I will, however, locate short term trading opportunities for the QQQQ and eventually individual stocks. Feel free to submit stocks for short term analysis. The rates ShepWave charges does not justify live intraday analysis and I don't plan on changing the rates.
I have made an adjustment in the QQQQ Trade entered yesterday afternoon to LOCK IN PROFITS. And, I will CLOSE OUT POSITION by the end of day. One can use a trailing stop of $.10 to lock in profits at this point. I am going to try to let the position run until the end of the day; but it will be closed out today and realized profits locked in.
Over the weekend I will publish the regular scheduled update for Monday Morning. I will show some short term QQQQ Trade set ups with entry trigger targets and initial stop/loss targets. I will also show the mid to longer term analysis for the indexes. I have a dentist appointment Monday so I will be out of the office almost all of the day. Follow analysis and guidelines closely.
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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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