ShepWave IMPORTANT Update for Friday. AGAIN, YOU JUST CAN'T MAKE THIS STUFF UP!
by ShepWave.com
Posted: 8/17/2017 23:06 EST

Once again, if you have been following trading triggers given, Thursday was a profitable day. Just as taking the BUY SIGNAL on Monday---and the previous signals.

STAY OBJECTIVE!

For the trader or investor who is objective and uses the clear signals--keeping within the directed scope of the signals--the markets are not unpredictable. Unfortunately most traders and investors can't seem to leave their own presuppositions and emotions out of the equation, and therefore LOSE!

Two Thursday evenings ago I was writing about what a picture-perfect top we were seeing in the Dow Industrials index. Also, I mentioned the potential TIME-CYCLE TURN DATE of between (the following) Monday and Tuesday. So, so far so good.

In fact on Tuesday, August 8th the DOW and S&P both hit key tops and quickly reversed--all in the same day.  Does that mean the Dow and S&P have hit major key tops? Not so fast!

Again, as I say over and over again: take each signal as they come; be watching upward and downward wave patterns for confirming wave action. This is actually simple, but where newer subscribers make the biggest mistake is in the tendency to go all in on a particular view without seeing the signals which support the view.

Most of you have been with ShepWave for a while and have learned to keep emotion out of the mix. That is something that we all have to keep an eye on regardless of how long we have been trading / investing and no matter how astute we believe we are at predicting market moves.

So, let's move on here and look at the scenario.

We could be going into a form of Crisis-mode market time. Many of us were actively trading (day trading and swing trading) when 911 (September 11, 2011) happened. Remember it ended up being a good buying opportunity once the markets reopened and things calmed down after a couple of weeks. We must be careful making too many assumptions on a possible or even real coming Crisis.

This is not the time to be a sloppy or lazy trader / investor.

Log In at www.shepwave.com for Friday's Pre-Market / Intra Day ShepWave Update.