ShepWave Pre-Market Update for Friday Published Early. Stock Market Technical Analysis. Elliott Wave Theory.
by ShepWave.com
Posted: 8/16/2007 17:13 EST
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I have added a chart to Friday's Pre-Market Update. The volatility is most likely still with us. This chart should explain the direction over the next few sessions. Go to http://www.shepwave.com/ for Friday's Pre-Market Update. I have published the Pre-Market Update for Friday early. Wanted to give everyone a chance to absorb what we are looking for in the short term; and the possible long term implications of the recent market action.
Wow, what a day. It was good to lock in some nice profits, especially on the Options trades. Tonight's update shows some potential short to mid term bounce targets and some safe ways to trade these targets. Also, the markets could just be setting up for another good selling opportunity.
So, was today's turn around the signal of the end of the Correction, or just a bounce to set up for possibly the 'Third' best selling opportunity of the year?.
Tomorrow is the final day for options expiration so be ready for a possible wild ride.
go to http://www.shepwave.com/ for ShepWave Pre-Market Update.
Stock Market Technical Analysis. Elliott Wave Theory.
Starting in August ShepWave began Publishing Intra Day Updates with short term analysis 'mainly' concentrating in the QQQQ but also showing the other indexes and individual Stock analysis. This EXTRA service will have an additional charge to the Regular ShepWave Subscription eventually. Those people already Subscribed to ShepWave will be EXEMPT from any additional charge for this service when it is raised in the future.
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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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