ShepWave Markets Topping? Stock Market Technical Analysis. Elliott Wave Theory.
by ShepWave.com
Posted: 9/27/2007 14:27 EST
CLICK HERE for an article about the biggest drop in home prices in 37 years.
With all the 'potential' BAD economic evidence coming out I just can't see the Equity Markets NOT dropping. The recent overlapping waves, primarily in DOW and S&P, support the fact that this past rally should be just a final leg of getting in the last of the BULLS. But I have seen more surprising things in my life. I wouldn't have thought that the Market would have held up this long over its last five year rally.
We are still waiting for SELL SIGNAL confirmations, and once we get them I will show potential bounce targets.
QQQQ Trades Opened including Options Trade, BAC (Bank of America) Options Trade, AAPL (Apple) Options Trade, and Dow Industrials analysis. JAVA (Sun MicroSystems) Trade.
Stock Market Technical Analysis. Elliott Wave Theory.
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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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