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 Regular Update Part II and Part III for Monday. Nasdaq targets. Fibonacci, Dow Indu, Trans, SPX GOLD.
by ShepWave.com
Posted: 6/9/2007 22:09 EST

 In the ShepWave regular update part II for Monday I cover the Nasdaq and what we are looking for in this index to give either BULLISH or BEARISH confirmation.  I was surprised to see that Cramer from CNBC had turned overwhelmingly BEARISH all of a sudden.  I happened to tune in to his show late Friday Night.  Also, MarketWatch.com has had ominous Bearish warnings on its home page all weekend.  Keep in mind, that although ShepWave has been warning of a potential 'Precipitous' down move in the indexes we need to see further 'Technical Evidence' before 'betting the house'.  We show precise technicals to confirm this trend change.   This especially goes for OPTIONS traders. 
 
Tonight's update examines the Nasdaq and what exactly we are looking for to confirm whether the TOP is in or not.  For those of you who took the short term aggressive trade shown in the Special QQQQ Morning update Friday you have some nice profits.  Please lock in profits with a trailing stop/loss.  We managed to lock in some nice profits last week in the QQQQ and are currently open a short to mid term aggressive trade in the QQQQ.  Tonight's update shows potential entry techniques for the NDX (QQQQ) and Trade Management Guidelines.  We have a potential QQQQ OPTION Entry slated for Monday Morning.   Looking for at least 100% profit for this trade if conditions are right for entry.
 
By Monday Morning ShepWave will publish more updates. One covering the S&P 500 index and the other covering GOLD and some Energy plays.
 
Go to www.shepwave.com for tonight's ShepWave Updates.
 


 Note below posted Sunday, June 10 at 3:51 P.M. EST.
 
The last ShepWave Update (part III) for the Weekend has been published.  We hit our target for the S&P 500 index last week.  Now we are looking at a critical MONTHLY target to confirm Mid to Longer term market direction.
 
Last week GOLD sold off almost 4%.  Yet, analysts are hardly mentioning this fact.  BONDS, GOLD, U.S. Equity indexes including the Transportations index could be sending a very vital signal at this time.
 
go to http://www.shepwave.com/ for this weekend's Three Part Series of ShepWave Updates.


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

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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