ShepWave
ShepWave Pre Market/Intra Day Update. Stock Market Technical Analysis. Elliott Wave Theory.
by ShepWave.com
Posted: 10/26/2007 09:26 EST
NOTE POSTED at 2:37
ShepWave has made new adjustments to our QQQQ Options Positions today. Can MSFT and Tech earnings take the QQQQ (NDX) to the $57 area for the QQQQ.. or will the Credit Problems outweigh current Bullishness.
Note Posted at 12:03
Short term aggressive traders had a good entry this morning. We now have a clear line in the sand to use as a stop/loss and lock in profits.. ShepWave is letting this morning's trade run for now... Use STOPS to lock in profits.
Will the QQQQ hit the $57 target? That would be a 38.2% Fibonacci Retracement of the Sell Off from the All Time highs set in 2000 to the lows of October 2002. OR is the wave 4 'rule' of Elliott Wave Theory going to suffice for a Mid to Long term high?
Is today the last opportunity to sell the Nasdaq at these levels?
See notes in today's Intra Day Update and the Regular ShepWave Updates.
We may be taking the 30%+ Profits in the BAC (Bank of America) options trade either today or Monday.
NOTE POSTED at 10:12
For those aggressive traders who took the gap up to SELL... use a stop to lock in profits. Read notes in today's Intra Day Update.
Current Short Term Aggressive Entry in today's QQQQ trade is up quite a bit.. don't lose profits!!
Will this morning's Gap Up be a Buying opportunity in hopes that the earnings from MSFT (Microsoft) will rocket the QQQQ to the Fibonacci Retracement target (Longer Term) of $57? Or will this be a head fake Selling Opportunity?
Will this Gap Up take the Dow Industrials index to the possible short to mid term target of 13,900?
We have seen many gap openings lately so subscribers should know the technical tools to watch for if it is a head fake. Check today's Intra Day Update through out the day for updated charts with analysis, triggers and targets.
The U.S. Dollar hits new lows.
QQQQ Trades Opened including Options Trade, BAC (Bank of America) Options Trade, AAPL (Apple) Options Trade, and Dow Industrials analysis.
Stock Market Technical Analysis. Elliott Wave Theory.
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I have copied and pasted the article below from Market Watch below. Interesting that they would even mention the odds of a market crash.
| OCTOBER TRADING STRATEGIES |
Preserve, protect and profit during the 20th anniversary of the Crash of '87 with our dozen strategies for October — from sector plays, to futures picks, to the views of Cantor Fitzgerald's Marc Pado and Miller Tabak's Peter Boockvar, and more.
• Crash coming? Vote in our reader poll  |
Interesting Article:
GREENSPAN'S outlook
'Pretty gloomy'
"Re-emergence of inflation," rising interest rates are biggest long-term threats to U.S. economy, former Fed chairman tells "60 Minutes."
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.
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