ShepWave Pre-Market / Intra day Update Published. Thursday's Reversal from highs a Bearish Indication? You may be surprised. Stock Market Technical Analysis. Elliott Wave Theory. New DIA OPTIONS Play Entered.
by ShepWave.com
Posted: 6/13/2008 01:29 EST
Intra Day Notes added to today's Intra Day ShepWave update.
ShepWave Intra Day Update has been updated with new notes. Notice key trend lines are HOLDING. BUT, we have some overlapping recent wave action. Possibly indicating that a tradable rally is coming if not already upon us. Due to the recent action in the QQQQ (NDX) I suggest extreme caution trying to trade this rally. See today's notes for Trigger Areas, Targets, Trend Analysis and Elliott Wave Theory Analysis.
ShepWave has entered a NEW DIA OPTIONS Play Today. See Update or Shep's Trading Log for details.
Go to www.shepwave.com for today's Intra Day ShepWave Update
Thursday's market action was anything but dull. Was the downward reversal an indication that there is NO rally left in the indexes; that the mid term top is in? We are seeing Positive Divergence for the Indexes (Including the QQQQ or NDX). Does this mean that we are definitely going to get a brief rally that corrects the recent down move? Read tonight's update closely. Short Term Aggressive traders especially. Short, Mid and Longer Term targets shown. FOLLOW TRIGGERS! NOTE: the QQQQ closed below the 50 Day Moving Average. IS the rally over for Techs?
DOW to 13,000 OR DOW to 10,000?? Ready?
Will the QQQQ crack $50 again soon? See the Trade Triggers in ShepWave Updates.
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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