ShepWave All Three Updates for Monday Published. Outisde Down Chart patterns. IMPORTANT.
by ShepWave.com
Posted: 10/13/2017 22:13 EST

IMPORTANT NEW NOTES on the daily time frame for the major U.S. equity indexes as well in Crude Oil, Gold and the VIX.

Get ready for some excitement this week.

Log In at www.shepwave.com for Monday's Regular ShepWave Update showing the important Daily Time Frame Analysis.

There will be a total of THREE Updates for Monday.

As a note of caution: There are a lot of analysts who try to predict wave counts. Please be careful of doing that. It is good to understand the dynamics and underlying principles of Elliott Wave Theory but in the labeling of wave patterns, remember that no pattern or wave count is official until the next wave series begins. So many otherwise really good analysts seem not to understand this simple concept with regards to Elliott Wave Theory.

Proper Technical Analysis is a Science, an Art, and a Discipline:

It is a SCIENCE in that we identify and analyze key technical occurrences and correlations. These lead to patterns which can be used to identify probable future directional movements.

It is an ART because there are times when the strict definitions and observations have variable outcomes. The efficient market analyst has the history and experience to put together all of the contextual observations--which go beyond the bounds of the immediate contextual evidence--to find the most probable future pattern. Note most analysts do not actually provide future probability in the same way ShepWave does.

It is a DISCIPLINE in that we have guidelines to use to minimize any possibility of the market(s) going against our prescribed direction. This is also one of the aspects that most analysts do not designate clearly. This can make the difference between a consistently profitable trader/investor or one who loses consistently.

Too often for too long I see investors and traders trying to call a top, over and over again. We must stay objective.

Use the weekly time frame charts and analysis to set our context for the shorter term and more aggressive views.

The Special ShepWave Update for Monday has been published. This update will shows the weekly time frame analysis for the major U.S. equity indexes as well as for Crude Oil and for Gold.

A lot of people have been trying to call the top in the major U.S. equity indexes for years now--only to fail attempt after attempt. Please read the notes in this update carefully. Remember, any bullish (or bearish)  implications we are seeing on the weekly time frame for equities need to be kept in context when considering shorter term trades.

Remember the weekly time frame serves as a reference point of context for those short term more aggressive traders.

We hope everyone is enjoying their weekend.

Log In at www.shepwave.com for Monday's ShepWave Updates.

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As we have been saying for the past couple of weeks, the Regular ShepWave Subscription prices will be going back to their original price of $250 for One Year.