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ShepWave Updates Published. Some Important Market Technicals have been revealed. Stock Market Technical Analysis. Elliott Wave Theory. Locked in $2.00 Profits in our QQQQ Trade.
by ShepWave.com
Posted: 1/17/2008 01:15 EST

NOTES POSTED Thursday at 12:14

Took more profits today.

ShepWave took profits today in our QQQQ Trade in our trade entered on Jan 9th. Locked in $2.00 Profits. See notes for profit taking targets. Our Current QQQQ Options Play is UP 30%.

Go to http://www.shepwave.com/ . Today's Trade Information can be found in the Intra Day Update or Shep's Trading Log.

The Regular Scheduled Update and Pre-Market Update for Thursday Morning have been published. We now have a double break of the 50 week moving average on the Dow Industrials, S&P 500 AND Nasdaq 100 Indexes... BUT, the Dow Transportations index made a single break below its 200 week moving average last week but has not made a double break. Also the Dow Transportations index has hit the Fibonacci 38.2% Retracement target for the rally from its 2003 lows. Is it time for a market bounce? Can active traders now 'safely' hold Long Side Positions open overnight?

Some other things to consider: notice the Bullish Percentage Index for the NYSE is at 25.95 breaking below the August low of 30.94. This 'could' be an indication that we have a short to mid term BUYING OPPORTUNITY. BUT, on the same note the VIX has only had a high this week of 24.59. I would expect the VIX to raise to almost 30 to confirm a possible BUYING OPPORTUNITY. But, maybe this just shows traders 'complacency' and expectance of a Bearish Trend. Just something to think about. Be careful trying to trade based on the BPNYA or VIX.

For trading strategies, Trade Signals, Triggers, Targets, Charting and Elliott Wave Theory Analysis go to www.shepwave.com

Go to www.shepwave.com for Updates. Trend Analysis, Elliott Wave Theory, Fibonacci Retracement and Fibonacci Extension Targets, Trade Triggers and Targets shown. QQQQ Trade Signals.

QQQQ Trades Opened including Options Trade, BAC (Bank of America) Options Trade, AAPL (Apple) Options Trade, PMCS Short to Mid Term Trade and Dow Industrials and S&P 500 analysis.

Stock Market Technical Analysis. Elliott Wave Theory.

Below is a MarketWatch.com Article.

December 30, 2007 3:28 P.M.EST

Higher out of the gate in '08?
Stocks seen rising in January; first week of '08 has lots of reports set

Monday's the last call for '07 bulls and bears. First few trading days of '08 may serve as a springboard for a positive January, strategist says.

Click the link below for an interesting article from MarketWatch.com

Odds of '08 recession climb
Meanwhile, inflation data starting to look scary, too

As debate goes on about whether a slowdown in growth will help ease inflation, this week's data will likely add fuel to the fire, with key housing stats and the core personal consumption expenditure price index due out.

Below is an announcement from Elliott Wave International. Free Video Series. I recommend signing up for the CLUB EWI.. It is FREE and they frequently have very informative articles. Click the links at the bottom of the email.

Good news! The first two parts of Elliott Wave International�s Market Myths Exposed video series are online now, and each turns conventional wisdom about the financial markets on its head, allowing you to think independently of the mainstream and call your own shots regarding portfolio management.

There's already a buzz about this video series among independent-minded investors and traders. Read what a few of them have to say:

"Wow, it is a pleasure to know that there are great minds out there." � P. Rubin
"Thank You, The more I learn, the more I realize how little the knowledge I have that is factual." � L. Paton
"WOW ... I am new to this method of trading, and Steve has given me some insight into how the U.S. market operates." � L. Smith
"It's a real eye-opener for me! Thanks." � A. Kelley
"Optionetic student, you have my attention. I'm looking forward to adding your subscription to my arsenal." � G. Graves
"I really enjoy your honest and straight talk about the markets ... so much "brain-washing" by the media and the market TV programs. Thank you ..." � J. Foreman
"I found this video to be a real eye-opener. Thanks." � M. Clark
"Appreciate seeing the revealing Fed action plotted along with market action." � M. Thompson

Here are some of the eye-opening topics covered:

Why company earnings alone can't drive share prices up or down.
Why Economics 101 does not apply to the financial markets.
What's the deal with real estate?
Does a strong economy lead to strong financial markets?
Is the Federal Reserve manipulating market valuation?
Why do charts of the world�s markets look so correlated?
And, most importantly, where should you put your money?
Plus a whole lot more �

Many people pay hundreds of dollars to attend the conferences at which Steve speaks. But now you can get a front-row seat to Steve�s intimate workshop setting without expensive plane tickets and hotel reservations. All you need is a free Club EWI membership to watch!

Don't be fooled by market myths from the mainstream financial media. Think independently � watch the Market Myths Exposed video series FREE!

Sign Up to Begin the Video Series Now!

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Click Here for an Interesting Article. Is the market going to Crash... will the U.S. see a Recession/Depression?

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

Could it crash again?

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 Poll

Click here for an interesting article by MSN Money.

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."

Purchase a Subscription to Shepwave.com

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.