ShepWave Update Part I and II Published. Dow loses 185 points (from intraday highs)S&P misses new recent high by 3.24 pts before Selling Off.
by ShepWave.com
Posted: 6/20/2007 17:03 EST
This afternoon's MarketWatch.com headlines read:
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Dow Industrials tumble 146 points |
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Losses accelerate in volatile trade, sending all markets deep into the red, as rising bond yields dent enthusiasm over falling oil.
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Was today's 185 point sell off from its Mid day high a signal that a KEY TOP was hit the indexes? In today's ShepWave Update Part I I cover just the Dow Industrials Index. Some key trend lines, Fibonacci and chart patterns have emerged that should keep Both the BULLS and the BEARS on guard. I show analysis and key trigger confirmation points for short and mid term traders. Please keep in mind that due to longer term patterns and Fibonacci these points can be of key importance to long term BULLS. I will publish at least one more update tonight covering the Nasdaq and S&P 500 indexes.
Go to http://www.shepwave.com/ for Thursday's Regular Scheduled Update Part I
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817...............22..............21
856..........22......................23.5
| 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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