ShepWave Update Published. Can the Dow Industrials Index break 12,000? Stock Market Technical Analysis. Elliott Wave Theory.
by ShepWave.com
Posted: 8/10/2008 02:31 EST
The DOW Industrials index not only rallied 3.6% last week but the index closed above its 200 Week Moving Average. The Nasdaq 100 Index rallied an imporessive 5.46% last week. Are the indexes set up to continue the rally. Do we have a completed five wave pattern from the Recent All time high set for the DOW Industrials Index and the S&P 500 Indexes last October to the recent lows set in July and therefore are set up for a Wave 2 rally of a larger degree??
Can the DOW Industrials Index break 12,000?
For the key technicals to confirm or negate a continued rally read tonight's ShepWave Update at 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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