ShepWave Update Published. Nice profits this week. More trading guidelines, trendlines, Fibonacci and Elliott Wave Principles in tonight's Update.
by ShepWave.com
Posted: 6/7/2007 17:30 EST
Some nice profits this week. How LOW will the markets go?. Which TREND are the markets correcting?
Please take the time to read through the updates from June 2 through today. I have tried to take this time to show a lot of information. ShepWave is NOT a BLACK BOX SYSTEM. I do not want subscribers who just want to check the Shep's Trading Log and mimic trades. We all have different trading styles including different levels of pain if a trade is going against us. ShepWave stresses to use a stop/loss that meets you RISK TOLERANCE at all times. In addition, some very smart traders (IMO) trade the longer term and shorter term possibilities simultaneously. The use of Options to reduce risk and increase profits is reccommended for those traders who understand options. This is very hard to cover in a Trade diary. I feel it is more important that traders LEARN the techniques of disciplined trading and then adapt them to their own style. We show Entry Techniques, Exit Techninques, Fibonacci targets, Trend Trading Techniques, Sto/Loss areas ETC.
The U.S. Indexes are currently at a possible extremely VITAL point.
In tonight's update I deal with the recent action. As stated on June 2nd we saw a potential that the markets were ready to make a move. We had many indicators prior to that date that put us 'on guard' for a potential sell off but the Fibonacci Extensions didn't work out as perfectly until that last week's highs were hit. As shown in updates from last week we had a key Fbonacci Extension target get hit. Then we had the sell signal confirmation this week.
So what the real question boils down to, as stated last week, is NOT IF the markets will correct BUT rather, WHICH trend are the markets correcting. This is what I concentrate on in tonight's update. Also, I will go over some short term strategies.
Please read updates closely.
go to http://www.shepwave.com/ for tonight's Special ShepWave Update
Trend Trading, Trend trading stocks, market trends,stock trends,stock market technical analysis, stock market timing,qqqq, qqqq options, qqqq trading,options, options analysis,stock options, trading options,trading stock options ,stock market technical analysis
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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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