ShepWave Critical Updates Published. Critical target areas shown in tonight's updates. Can the DOW hit the 50 Week Moving Average? Stock Market Technical Analysis. Elliott Wave Theory.
by ShepWave.com
Posted: 5/1/2008 02:03 EST
Important notes posted in today's Intra Day ShepWave Update at 10:02.
I have published TWO very critical ShepWave Updates for Thursday Morning. The market sold after the FED Announcement. Many times the initial market reaction to the FED Announcement is the 'wrong' direction. Will the markets bounce to hit new recent highs? We are possibly seeing very clear trade 'set ups'. I show the key initial targets for new trade signals in tonight's Updates.
Will the DOW give a CLOSE above the 13,000 area or even retest the 50 week moving average? Can the QQQQ retrace back to the $50 range?
Go to www.shepwave.com for tonight's ShepWave Updates.
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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