ShepWave Stock Market Technical Analysis. Elliott Wave Theory. Fibonacci Extension Target of 14,051 satisfied. Trade Stocks, Indexes, ETFs, QQQQ, DIA, Options
by ShepWave.com
Posted: 7/27/2007 23:36 EST
This week marks the worst week in 4 years for the U.S. Indexes. Weeks ago ShepWave gave the FIbonacci Extension target for the Dow Industrials of 14,051. Since the recent high of 14,021 (just 30 points from our target) we have seen key technical areas get broken. What is the outlook for the U.S. markets? Which rally is the market possibly correcting? Just the rally from March 2007 Lows? The rally from the lows of Summer 2006? The rally from the lows of October 2002? Or has the markets gone in to a deeper BEARISH mode? Go to http://www.shepwave.com/ for updates showing technical analysis and trading strategies. Trade Stocks, Indexes, ETFs, QQQQ, Dia and Options.
Go to http://www.shepwave.com/ for Updates and 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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