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.. ShepWave Update Published. Over 10%(cash.. 20% margin) in profits in QQQQ since January 1st. PLUS Options Profits.
by ShepWave.com
Posted: 3/13/2007 11:47 EST

 
I have decided to do the update I was going to publish later... Now.  The aggressive positions entered last week by ShepWave have proven to be very lucrative.  After taking profits in SHORT and LONG side trades last week we saw the importance of sticking to the potential Mid Term trend for the time being.  In today's update I show the technicals (TRIGGERS HIT) and potential targets.  Remember the most important aspect of trading or investing is to maintain OBJECTIVITY.  Emotions have NO PLACE in the markets.  As soon as we 'think' we have it all figured out the markets will burn us.  ShepWave strives to teach objective, disciplined and unemotional trading strategies that All traders/investors can use regardless of what time frame they trade.  Our recently entered positions (mid term) in the QQQQ are in the black by almost $1.00 in three trading days.  It is a good idea to adjust STOPS to LOCK IN PROFITS.
 
In browsing the Shep's Trading Log.. we have  over $5.00 in profits in just the past 2 1/2 months of trading the QQQQ. (This includes last week's entry in to our current mid term position in the QQQQ). That is better than 10% profit in 'cash' trading.. Margin traders should be up over 20%.   Last week we exited OPTIONS plays for the DIA and QQQQ with 30% and 45% profits.  Current Mid term OPTIONS play for the QQQQ is up over 20%.
 
Click here for today's ShepWave update.
 

 

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.
 
 
Shepwave Elliott Wave
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