ShepWave Pre-Market /Intra Day Update for Wednesday Published. Stock Market Technical Analysis. Elliott Wave Theory.
by ShepWave.com
Posted: 6/25/2008 01:59 EST
Critical targets are shown in the Pre-Market / Intra Day ShepWave Update for Wednesday. Wednesday is FED ANNOUNCEMENT day. If you are looking to BUY the indexes see the trade triggers, trade targets and strategy in tonight's update.
The VIX (volatility index) was actually DOWN on Tuesday and managed to close at 22.42. This occured after the DOW broke below the March lows in Intra Day Action Tuesday. Is this an indication that traders/investors are getting 'comfortable' with the indexes hitting new lows? MID term Elliott Wave Theory possibilities are also covered in recent ShepWave Updates. See Key Fibonacci Retracement and Extension targets for mid term trend.
Go to www.shepwave.com for the Pre-Market / Intra Day ShepWave Update for Wednesday.
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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