ShepWave
ShepWave.com
ShepWave.com
Elliott Wave Theory stock market technical analysis. Major U.S. Indexes.
Specializing in QQQ and the DIA analysis and trading. QQQ and DIA Options trading.
ShepWave's BLOG

ShepWave

ShepWave.. Current QQQQ Trade up by $1.32.. took 45% profits today in options
by ShepWave.com
Posted: 3/5/2007 19:28 EST

In tonight's update I show again what we are looking for to possibly FLIP our current very profitable position in the QQQQ.  The position entered last Thursday closed today with a profit of $1.32.  We also closed out our QQQQ Options for April with over a 45% profit.  The recent sell off has lasted 7 days.  Tomorrow would be a Fibonacci 8 days for the sell off.  But, I stress in tonight's update what we will be looking for to GO LONG the QQQQ.  Refer to recent updates for Fibonacci Targets if you are trading the mid term to longer term trends. 
 
 
Click here for today's ShepWave Update.
 
 
 

 

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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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