ShepWave Updates Published. Stock Market Technical Analysis. Elliott Wave Theory.
by ShepWave.com
Posted: 7/13/2008 16:32 EST
Charts have been refreshed and intra day notes have been added to today's Intra Day ShepWave Update. NO surprises in action today. See targets. Will the markets stay so predictable? Keep Locking in profits and/or using stops to lock in profits if cautious.
go to www.shepwave.com for today's Intra Day ShepWave Update.
The Futures are up nicely as of 10:00 PM ET. If the markets gap up in the morning is this a BUYING OPPORTUNITY for mid term traders? Will this be just another rally which traders/investors Sell In To? See Trading Triggers, Strategies and Ideal bounce targets in tonight's Pre-market Update. Will the QQQQ fill the gap at the $47.31 area?
Go to www.shepwave.com for the Pre-Market / Intra Day ShepWave Update for Monday.
Regular Scheduled Update for Monday has been published.
I was going to wait to publish this update to see what the futures were doing; possibly in response to the Indy Mac / FDIC News. But, I have covered Exhaustion Gap Down Possibilities in many updates over the past several months and most subscribers should be familiar with them by now. See the chart in today's update of the 1987 Exhaustion Gap down. The chart shows the action in the Dow Industrials Index just prior to the Exhaustion Gap Down which occured in October 1987. Notce that the index was already down 19.62% the day before the Exhaustion Gap Down. (From its all time high set in August 1987). By the time the Exhaustion gap down and following action had completed the Dow Industrials Index had lost 41.15% from the previously set all time high in August 1987.
Remember that we could be in a different 'larger degree' Elliott Wave Theory Cycle.
With this being said there are many opportunities to make money...especially in a Bear Market. Ask any successful, 'seasoned' trader and they will usually say that their most profitable time is in bear market periods. With the emergence of so many ETFs the average trader can trade almost anything in a 'safe' manner without taking much risk. Provided he knows and uses his OWN risk tolerance. This is the focus of ShepWave. We give the analysis for the major Indexes and show the ETFs and individual stock plays that 'we' trade but the analysis shown can be used to trade almost any type of stock, index or ETF.
Go to www.shepwave.com for the Regular Scheduled Update for Monday Morning.
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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Stock Market Technical Analysis. Elliott Wave Theory
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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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