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.. Realized $.97 in profits today. Short term rally under way.. or resuming of up trend? QQQQ Trading Analalysis.
by ShepWave.com
Posted: 3/15/2007 03:07 EST

Some of you are probably wondering why Wednesday I exited the Mid Term Position entered in the QQQQ last week.  We ended up exiting the position with a nice gain of $.67 after just a few trading sessions.... flipped the trade and scalped an intraday trade with a profit of $.30.  Not a bad day of 'realized' gains. ($.97 for the day)  There are some potential Alternate Elliott Wave Theory counts that have now possibly moved  in to the 'front'.  These alternate counts should not be ignored.  Remember that Elliott Wave Theory is an 'exact' theory or 'science' ONLY in retrospection.  We must always be keeping our eye on potential variations no matter what time frame we trade.   In tonight's update I show the alternate counts that could come in to the spot light and how we will approach our trading strategies over the next week or two.
 
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.
 
 
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