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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.
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ShepWave

ShepWave Update Published. Dow Fibonacci Extension target of 14,051 getting close for BULLS. Forex Trading Software.
by ShepWave.com
Posted: 7/12/2007 18:27 EST

 

The Dow is very close to hitting the next Fibonacci Extension target of 14,051.  After that 14,775 becomes a potential BULLISH target.  Targets and potential short term trading strategies shown in tonight's update.  Are the markets developing new even more bullish trend channels.  Was today just a massive short covering rally or what? 
 
go to www.shepwave.com for today's ShepWave Update.
 
 
 
 
The Nasdaq Composite index has hit a key fibonacci retracement area Click here to view this chart.  Are we close to closing in on a KEY TOP?   Further analysis in ShepWave Updates.
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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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