ShepWave Regular Update for Monday Published. Have the U.S. Markets Topped? Elliott Wave Theory.
by ShepWave.com
Posted: 11/10/2007 12:26 EST
After last week's selling pressure will we see a rally this next week?
We saw some volatile market action last week and were able to profit from it. The Dow lost 4.06%, the S&P 500 lost 3.71%, the Nasdaq 100 Index lost 8.11 % and the Nasdaq Composite index lost 6.49% just last week alone. Most of you have been traders/investors for many years and realize that markets usually go down much quicker than they go UP. The question is: WHERE will the indexes find support for potential mid term LONG SIDE trades?
In today's Regular Scheduled Update for Monday I cover some more of the technicals of an 'exhaustion gap wave 3 down' and show what we are looking for to confirm longer term direction and targets.
Go to www.shepwave.com for today's Update.
QQQQ Trades Opened including Options Trade, BAC (Bank of America) Options Trade, AAPL (Apple) Options Trade, and Dow Industrials analysis.
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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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