ShepWave Update Published. Rally to take the Dow Industrials index above 13,000? Stock Market Technical Analysis. Elliott Wave Theory.
by ShepWave.com
Posted: 4/19/2008 10:58 EST
Wll the recent rally continue? Will the DOW INDUSTRIALS INDEX hit the 50 week moving average of 13,126? Can the QQQQ hit $50 before seeing weakness? AND/OR will we see an 'Island Reversal' in the next 1-5 trading sessions?
These are all important questions for traders of any time frame. Remember, stay objective. Don't get tied in to the emotion of trading as we see on the Television. Today's ShepWave Update shows the above possibilities and others for the coming days of trading. Very Important.
For Monday's ShepWave Regular Scheduled Update go to www.shepwave.com
the fed
Fed chief drops
the 'R' word
Ben Bernanke concedes the economy finds itself in a very difficult phase. Growth outlook, he says, has worsened in 2008, and recession can't be ruled out.
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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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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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