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 Update Published. TRIGGERS HIT... Trends and Fibonacci are in play now
by ShepWave.com
Posted: 6/6/2007 17:24 EST

 

Ok,,, The trade set up we saw last week has worked out nicely so far.  In tonight's update I show key trend lines and Fibonacci areas to watch.  Will the Fibonacci Extension target of 14,050 ever get for the Dow?  What trend is the market possibly correcting?  The up trend from the lows of October 2002?  The up trend from the lows last Summer?   Or, just the recent up trend from March lows? Is the S&P 500 index setting up to give us a Monthly signal that could be very revealing?
 
 
Go to www.shepwave.com for today's very important update.
 


ALSO
 
 I have published a quick update covering some potential short to mid term trading strategies for the DIA, QQQQ, BIG, SUNW (good for those with smaller accounts), and BRCM.. The current conditions of the market make a possible FLIP or BUY trade possible. (Short term anyway)  In tonight's update I cover how to trade the short term.  Entry disciplines and trade risk management are very important.  These positions if entered by ShepWave will be exited by the end of the day Thursday.  Also, our current short term trades highlighted in Monday's update are doing well.  I emphasize short term trading strategies only in tonight's update.  These strategies have been covered in the past but I like to remind subscribers of them periodically.
 
Go to www.shepwave.com for tonight's Special Update.


Non Subscribers can read our brief notes posted on our page at Stockcharts.com  Click below.  
 
 

 71..........7.............00

149........7...............12.5

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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