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ShepWave Update Published. Volatility here to stay for a while? Dow Industrials, S&P 500, QQQQ, Nasdaq 100
by ShepWave.com
Posted: 8/6/2007 22:08 EST

We have had some serious volatility the past few days. And as I have said earlier. I don't think it is even close to being over. Be careful trying to trade from the Volatility Index (VIX). As mentioned a few weeks ago, I expect the VIX to possibly settle in the 17-28 range for some time. Tonight's update shows some possible EWT counts and targets. We could have some very good trade entry points hit Tuesday or Wednesday for the S&P 500, Dow Industrials and of course the QQQQ (NDX).

In our intra day updates we will continue to find 'safe' trades for the short term to profit from the Volatility.

Go to http://www.shepwave.com/ for tonight's ShepWave Update.

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Below is the link to watch the Cramer show. Entertaining to say the least. This was sent to me by a subscriber.

Cramer: Bernanke, Wake Up
Mad Money host Jim Cramer makes a passionate plea to Federal Reserve Chairman Ben Bernanke to consider cutting interest rates and, in turn, help the market and the people who are losing their jobs on Wall Street.

http://www.cnbc.com/id/15840232?video=452808336

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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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