ShepWave Pre-Market / Intra Day Update for Friday Published. Stock Market Technical Analysis. Elliott Wave Theory. New Fibonacci Extension targets shown.
by ShepWave.com
Posted: 6/26/2008 21:54 EST
The DOW INDUSTRIALS Index closed below its 200 Week Moving Average and the 50 Month Moving Average for the first time since 2003.
Tonight's update shows updated Fibonacci Extension targets. Our Fibonacci Extension targets for the mid term target (assuming the extension would be a 1.618 extension)were hit on Thursday. See potential BOUNCE targets and strategies if trying to BUY this market. There are some very critical targets and technicals occuring. None of these should be surprising if you have been reading the ShepWave Updates. Markets trading as expected.. So Far.
ShepWave took profits in 4 positions on Thursday. We have cleared our plate of the trades we were concerned with for the short term and are looking to enter new CORE and OPTIONS Positions asap. Possibly as soon as Friday.
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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