ShepWave Update Published. Have the Indexes hit a key mid term top? Will the QQQQ hit $50 before retracing? Stock Market Technical Analysis. Elliott Wave Theory.
by ShepWave.com
Posted: 4/24/2008 23:39 EST
Read the notes in tonight's ShepWave Update closely. We now have clear bearish divergence on the critical 60 minute time frame for the indexes. Are we near a key mid term TOP? Have we already put in a key mid term TOP? OR is there one more good rally left? Can the QQQQ hit $50 before retracing?
How to spot a possible top AND where is the 'safe' SELL SIGNAL.
Go to www.shepwave.com for the Pre-Market / Intra Day ShepWave Update for Friday.
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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