ShepWave Update Published. Was Friday's Sell Off an indication of Bearish trend reversal? Dow, Nasdaq, S&P, QQQQ, Options.
by ShepWave.com
Posted: 7/20/2007 17:22 EST
I will write the regular scheduled update for Monday in two or three parts. I have also been busy moving so, for next week it may be difficult to do any intraday updates. The trade set ups that we showed in Thursday Night's update faired well. Also, there was a quick intraday trade that was profitable. Flip Trade. Then Flipped again. Nice Profits Friday.
With the markets in the their current situation it is actually easier to play the short term trends. This will change one way or the other. Eventually. There is a lot of reasons to support the bearish argument at this time. Markets have hit Fibonacci extension and Fibonacci Retracement (Nasdaq Composite) target areas that should provide some resistance. However, the major trend lines (UP) have NOT been broken to confirm that the mid term trend is indeed down. In this first update I will show the Dow and S&P 500 indexes and what to look for next week. I will try to identify some trading opportunities since I may not be able to do any intraday updates until Friday.
Go to www.shepwave.com for today's ShepWave Part I update for Monday Morning.
Sign up for the Forex Trading Software through ShepWave (click on link above) and receive a FREE MEMBERSHIP to ShepWave. You will have an active subscription to ShepWave for as long as you subscribe to the Forex Charting Software.
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
stock market analysis stock market stock trading qqqq qqqq trading elliott wave theory Turbo Tagger elliott wave theory market timing stocks trend trading qqqq trading options trading Turbo Tagger Technorati Profile 
forex trading currency trading trading software foreign exchange currency forex software forex trading software Turbo Tagger
forex trading forex trading currencies forex trading software forex free trial forex analysis Turbo Tagger
| 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. |
|
| About my BLOG |
|
|||||||||
| Su | Mo | Tu | We | Th | Fr | Sa | |||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | |||
| 8 | 9 | 10 | 11 | 12 | 13 | 14 | |||
| 15 | 16 | 17 | 18 | 19 | 20 | 21 | |||
| 22 | 23 | 24 | 25 | 26 | 27 | 28 | |||
| 29 | 30 | 31 | |||||||
|
Post back your comments What do you think of this blog entry? Post back your comments and let us know.
|
