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ShepWave

ShepWave Pre-Market Update Published. Stock Market Technical Analysis. Elliott Wave Theory. Dow 14,000 or Dow 12,000?
by ShepWave.com
Posted: 8/20/2007 23:46 EST

Monday, ShepWave managed to take some more profits; 27% profits in our ORCL OPTIONS Trade opened July 30, and scalped 18 cents from an intraday trade of the QQQQ. The mid to longer term trend direction has been strengthening.

We recently also opened a new position in PMCS for a short to mid term trade, a BAC (Bank of America) Options trade and a QQQQ OPTIONS Trade which should be closed out by next week if not sooner for a nice profit.

For recent and current trades go to http://www.shepwave.com/. Click on Shep's Trading Log for trades and click on Tuesday's Pre-Market Update for our morning report.

Next Target for the DOW? Is it 12,000 or 14,000?

Markets could be set up for the biggest point and percentage move than we have seen in years.

Stock Market Technical Analysis. Elliott Wave Theory.

Barron's did a cover story on Jim Cramer. Click here for article.

The article criticizes Jim Cramer from CNBC and theStreet.com.

As I have mentioned in many updates over the years; Traders and Investors should be very careful taking advice from ANY Financial Television Program. Anyone can WIN in a BULL MARKET. As shown for the past year, ShepWave has shown the technical patterns of the rally and the risks involved.

I was watching a program on Fox News this weekend and their point was whether or not it would be a good idea to just let the markets crash, keeping the FED from coming to the rescue. That is a big assumption that the FED can actually rescue the markets.

One can't blame Jim Cramer for anything. I think we have to look beyond Cramer for the problem. He is just a man trying to earn a living and is under the thumb of GE. Of course they are not going to show the warning signs that the economy and the markets aren't as strong as portrayed on CNBC. I do question, however, the reasons why Cramer was touting his former partner Larry Kudlow the other day. Something fishy there if you ask me.

The bottom line is that all traders and investors have to take responsibility for themselves. The Markets are currently at a very critical point. The Volatility could continue for some time. The Objective of ShepWave is to present these opportunities and to show the risks involved.

This Weekend we have published Two Updates so far. These updates show important technical analysis that any trader or investor should take in to account. By Sunday Night we will publish a third update showing potential trade set ups for Short and Mid term traders. We managed to lock in a lot of profits recently; the volatility has made it somewhat easy. We plan on doing our best in the upcoming weeks to profit from the continued volatility.

Go to www.shepwave.com for this Weekend's ShepWave Updates.

BARRON'S COVER Week of August 20

The Cramer Effect -- and Defect

by Bill Alpert

Jim Cramer puts on a great show, but his Mad Money stock picks have underperformed the market over the past two years.

Stock Market Technical Analysis. Elliott Wave Theory.

Purchase a Subscription to Shepwave.com

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 already Subscribed to ShepWave will be EXEMPT from any additional charge for this service when it is added in the future.

ShepWave provides the Services listed below for Less than $20/Month

Short, Mid and Long term Trading Analysis with Trade Entry Signals, Strategies, and Targets

Regular Scheduled Updates Published by Market open on Monday and Thursday.

Intra Day Updates for QQQQ, DOW,S&P 500 and selected individual stocks most every day.

Our purpose is to not only show potential trade set ups and the management of those trades but to TEACH objective disciplined methods of trading for any time frame.

QQQQ Trend Trading.

QQQQ Options.

Trading Stock Options.

Dow Industrials, S&P 500, Nasdaq Indexes, QQQQ, DIA and Selected Stocks Analysis

Email Notification of reports and trades if desired

Forex Traders click the image below for a 10 day trial. Forex Trading Software. Charting analysis and much more.

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.

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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.