ShepWave Important Pre-Market Update for Monday Published. Stock Market Technical Analysis. Elliott Wave Theory.
by ShepWave.com
Posted: 2/23/2008 13:24 EST
Read the notes in the charts CLOSELY. Keep in mind that a Gap Up Monday could be a confirming Bearish Indication. In fact a big Gap Up could be a very BEARISH Indication. For the Mid Term Direction anyway. Be careful getting 'roped' in to any hype you may hear on the Television.
ShepWave shows the exact triggers and targets to confirm BULLISH or BEARISH Short, Mid and Longer Term Direction.
The 1:29 Intra Day Note in Friday's Intra Day Update pointed out that the QQQQ had hit a possible short term Support Trend Line. ShepWave took $1.57 profits in a SHORT QQQQ Position at that time.
Will next week give Mid to Longer Term BULLS an opportunity to SELL at a higher level? Can the Dow Industrials Index hit 13,000? Can the S&P 500 Index hit 1400? Will the QQQQ EVER see the $45.88-$48.43 area again?
Go to www.shepwave.com for Monday's very important Pre-Market ShepWave Update.
For trading strategies, Trade Signals, Triggers, Targets, Charting and Elliott Wave Theory Analysis go to http://www.shepwave.com/
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.
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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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