ShepWave Updates Published. Summer Rally in Play? OR just another good selling opportunity?
by ShepWave.com
Posted: 7/24/2008 02:05 EST
Critical Notes posted this afternoon:
The Dow Industrials index is down over 200 Points. Is the Summer Rally Over? Per recent notes the trigger target is now approached. Read this afternoon's notes for ANOTHER possible trigger being activated. Don't forget the alternate Elliott Wave Theory possible counts as discussed in recent updates. Cautious traders following ShepWave trades can now use a stop/loss to lock in profits.
Go to www.shepwave.com for Today's Critical Intra Day Notes.
Is the Summer Rally Over already? Read today's Intra Day notes for Trade Triggers and Targets. Go to http://www.shepwave.com/ for today's update.
Two very important ShepWave Updates have been published. Notice that Wednesday The Dow Transportations Index made its Second Break above the 50 Day Moving Average gonig above the high of the initial break of this mark. Also, the VIX (Volatility Index) made has now made a double break BELOW its 50 Day Moving Average. (Recently ShepWave exited a lot of Short Side Positions when the VIX Crossed above 30. This was a good move in retrospection.) Is the recent action in the Dow Transports and the VIX a leading indicator that we are in a sustainable rally? Can the Dow Industrials Break above 12,000? OR is this just another really good selling opportunity? Can the QQQQ fill the gap at the $47.31 mark?
Go to www.shepwave.com for tonight's ShepWave Updates.
In celebration of the 5th Anniversary of ShepWave we have added extra time to the usual subscription packages. Sign up for the usual 3 months and receive 14 weeks of ShepWave Subscriber Services. Sign up for the usual 6 months and receive 7 months of ShepWave Subscriber Services. This time will be automatically added when you subscribe. Thank you for your patronage over the past 5 years. This special rate will expire at midnight on July 31,2008.
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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