ShepWave Pre-market / Intra Day Update for Wednesday Published. Stock Market Technical Analysis. Elliott Wave Theory. New Position entered today. QQQQ Options Play.
by ShepWave.com
Posted: 7/9/2008 00:55 EST
ShepWave has entered a new options play in the QQQQ. This entry was an aggressive trade based on short term wave action. Actual 'cautious' trigger price is shown in today's update. Will the QQQQ fill the gap to $47.31 or will they hit a Fibonacci Extension target of $43.21? Go to www.shepwave.com for today's Intra Day Update and exact details on today's trade. |
Is this rally sustainable? Notice the BUY SIGNAL we saw Tuesday. Nice Signal.. so far. Read tonight's update to see what is needed to give further strength to a short to mid term BULLISH move. The recent wave action from Monday's low is very important. Also, mid to longer term traders can use key trigger areas to stay LONG or SHORT depending on mid term confirmation signals. Targets Shown.
Go to www.shepwave.com for the Pre-market/ Intra Day ShepWave Update for Wednesday.
U.S. MARKETS
Finally, June's over
Mixed session ends worst June since Great Depression, with Dow eking out a small gain. S&P 500 ends on upbeat note, but Nasdaq loses 1%.
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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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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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