ShepWave Pre-Market Update for Wednesday Published. 152% profit in our JULY LEH (Lehman Brothers) Options Play. Stock Market Technical Analysis. Elliott Wave Theory.
by ShepWave.com
Posted: 6/4/2008 01:14 EST

Intra Day Notes added Wednesday Morning

SOLD  TODAY (June 4th) the JULY PUTS for LEH (Lehman Brothers).  Sold for a price of $11.00 giving us a profit of $6.65  or 152% PROFIT.

The OPTIONS Play entered last Friday in the DIA is now up 33%.  Cautious Options Traders may want to take profits.  See today's pre-market and intra day notes.

For today's intra day notes go to http://www.shepwave.com/

We have seen a nice move in our LEH (Lehman Brothers) options play for July.  This position was DOUBLED on May 20th.  The DOUBLE Sized Position is now up 133% in profits.  Cautious traders may want to lock in some (or all) profits at this time depending on trading style and risk tolerance levels.

Tonight's Update shows the current (new) trend channels we are working with to confirm the mid term trend.  The QQQQ are at a critical point.  See tonight's trigger area for the QQQQ to strengthen whether or not we have seen a key mid term top. 

Also shown in tonight's Update is the Weekly Chart of LEH for the rally which began with the lows of Octoober 2002.  Are the similar wave and chart patterns to that of the DOW INDUSTRIALS and S&P 500 Indexes possibly revealing 'upcoming attractions'?

Mid Term Fibonacci Extension Targets shown.

Go to www.shepwave.com for the Pre-Market / Intra Day ShepWave Update for Wednesday.

 

U.S. MARKETS 1st quarter: Steepest decline in 5 years U.S. equity indexes snap three-day losing streak with Monday's advances, yet they finish the first quarter of 2008 with the markets'  steepest declines in the past five years

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

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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.

 

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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.

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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.

 

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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.

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