ShepWave IMPORTANT Updates for Thursday. Another trend change coming?
by ShepWave.com
Posted: 10/4/2017 23:15 EST
IMPORTANT INTRA DAY UPDATE FOR THURSDAY. TIME-CYCLE TURN DATE:
The upward spike today did take some of the major U.S. equity indexes to the upper trend line I have been using, and even above that line for some.
So, does that mean that the major U.S. equity indexes are topping out? NOT AT ALL. Remember: UNTIL WE SEE A SELL SIGNAL WE DO NOT HAVE A SELL SIGNAL. Depending upon your risk level of trading, you could be seeing aggressive signals very soon that things are changing. But remember, even then we are always watching for confirmation signals *to* signals. An objective trader never just blindly enters positions and lets them run assuming he is right.
But, we do have a potential TIME-CYCLE TURN DATE coming up. This also brings with it a possibility of a gap market finality.
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Log In at www.shepwave.com for today's Intra Day ShepWave Update.
Two IMPORTANT Updates for Thursday Published:
We are seeing some critical technicals in the major U.S. equity indexes.
Will this rally in equities last?
See the important new technical analysis in Thursday's Updates.
Also, the mysterious MR. T is back with us at ShepWave with some words of technical wisdom for Crude Oil. Pay close attention to the next signals we are watching for.
GOLD traders, notice where the recent low for Gold managed to be--YOU CAN'T MAKE THIS STUFF UP!
Log In at www.shepwave.com for Thursday's ShepWave Updates.
CLICK ON LINK BELOW FOR EWI ARTICLE
Here is the link to copy-and-paste if necessary:
http://www.elliottwave.com/r.asp?acn=6sw&rcn=aa708&dy=aa092217&url=http://www2.elliottwave.com/affiliates_pr/archives/2017/09/22/Stock-Markets-Proper-Value-Is-Nonsense-Heres-Why-aa.aspx
Should investors rely on traditional ways of evaluating the stock market's "proper value"? You might be surprised at what these four charts show.
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This article was syndicated by Elliott Wave International and was originally published under the headline Stock Market's "Proper Value" Is Nonsense -- Here's Why. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.
| 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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