Today's Intra day charts have been refreshed. No new notes were added internally to the charts.

As anticipated--we did see a SELL-AT-OPEN gap up opportunity this morning. 

NEW SHORT TERM PREFERRED ACTION GIVEN in this update.

Newer ShepWave Readers: notice how today's gap up open gave us an aggressive selling opportunity for short term traders--but last week's gap down open (on Monday, March 19th) also gave us a selling opportunity.

Remember the particular GAP or ISLAND PATTERNS. A week ago on Monday, March 19th, we were anticipating a short term ISLAND REVERSAL and indeed saw that pattern triggered for a very profitable short term downward trend.

Again--YOU JUST CAN'T MAKE THIS STUFF UP!

Remember also--these types of trading opportunities need to be kept in the context of the larger trend. So many newer traders get excited to enter a quick large-sized winning trade that they get blindsided and end up losing the whole thing and then some.

Log In at www.shepwave.com for today's Intra Day ShepWave Update.

ALL UPDATES FOR MONDAY PUBLISHED:

The Second ShepWave Update for Monday has been published.

The Regular Update, showing daily time frame analysis and triggers for the major U.S. equity indexes; Crude Oil: GOLD; and the VIX.

See a projected target given in the Dow Industrials chart which if broken could support the current trend and enable new targets--for all of the major U.S. equity indexes.

Remember we still have the gap open from this past Thursday's open--along with some key trend (support/resistance) patterns we are watching.

It is recommended for new subscribers to go through past updates to get a feel for what technical information has brought us up to this point.

ShepWave analysis is always building upon previous technicals and analysis.

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.