ShepWave Pre-Market / Intra Day Update for Friday Published. Stock Market Technical Analysis. Elliott Wave Theory.
by ShepWave.com
Posted: 9/12/2008 00:37 EST

For today's Intra Day ShepWave update go to http://www.shepwave.com/. 

ShepWave is leaving positions as they are for now.  Read notes closely: Especially the notes from the Pre-Market Update.   Be careful trying to 'catch the falling knive'.  Yes, ShepWave took a lot of profits yesterday.. BUT,  notice the positions we still have open and even opened yesterday.

Remember: just identify the 'trend' and take your 'piece of the pie' ...  and STAY OBJECTIVE.  Too Much Financial Television can be harmful to one's trading.   May want to put on the Cartoon Channel instead. (lol)

You just can't make this stuff up.  As noted in the pre-market update for Thursday.. we were looking for the QQQQ to break to a new recent low (below $42.35) then to reverse to an 'ideal' retest target of the 50 peirod moving average on the 60 minute time frame. 

The market rallied in the last hour to bring the Dow Industrials Index, S&P 500 Index and the QQQQ (NDX) to just above the 50 Period Moving Average on the 60 min time frame.  So, now what?  Is the Bearish Trend over?  ShepWave took closed out a lot of positions on Thursday locking in a lot of profits.  Is it time to 'bet the House' LONG..... OR Double Down on the SHORT SIDE?

GO to www.shepwave.com for the Pre-Market / Intra Day ShepWave Update for Friday.

FHFA takes over
Fannie Mae, Freddie Mac placed under government conservatorship

The Mortgage and Credit Crisis in the United States 8/4/2008 4:00:00 PM

Why 'Bye, Bye Bears' Means Just the Opposite 8/1/2008 3:45:00 PM      Two more banks fail; Mutual of Omaha Bank buys deposits Who's Next?      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%.   U.S. MARKETS 1st quarter: Steepest decline in 5 years U.S. equity indexes snap three-day losing streak with Monday's advances, yet they finish the first quarter of 2008 with the markets'  steepest declines in the past five years For trading strategies, Trade Signals, Triggers, Targets, Charting and Elliott Wave Theory Analysis go to http://www.shepwave.com/   Go to www.shepwave.com for Updates.  Trend Analysis, Elliott Wave Theory, Fibonacci Retracement and Fibonacci Extension Targets, Trade Triggers and Targets shown. QQQQ Trade Signals.    Stock Market Technical Analysis.  Elliott Wave Theory. ----------  Purchase a Subscription to Shepwave.com   Starting in August ShepWave began Publishing Intra Day Updates with short term analysis 'mainly' concentrating in the QQQQ but also showing the other indexes and individual Stock analysis.  This EXTRA service will have an additional charge to the Regular ShepWave Subscription eventually.  Those already Subscribed to ShepWave will be EXEMPT from any additional charge for this service when it is added in the future.     ShepWave provides the Services listed below for Less than $20/Month   Short, Mid and Long term Trading Analysis with Trade Entry Signals, Strategies, and Targets Regular Scheduled Updates Published by Market open on Monday and Thursday.  Intra Day Updates for QQQQ, DOW,S&P 500 and selected individual stocks most every day. Our purpose is to not only show potential trade set ups and the management of those trades but to TEACH objective disciplined methods of trading for any time frame. QQQQ Trend Trading. QQQQ Options. Trading Stock Options. Dow Industrials, S&P 500, Nasdaq Indexes, QQQQ, DIA and Selected Stocks Analysis Email Notification of reports and trades if desired     Trend Trading, Trend trading stocks, market trends,stock trends,stock market technical analysis, stock market timing,qqqq, qqqq options, qqqq trading,options, options analysis,stock options, trading options,trading stock options ,stock market technical analysis          Feed Shark Blog Listings Blog Directory   Directory of Finance Blogs Blog Listing stock market analysis stock market stock trading qqqq qqqq trading elliott wave theory Turbo Tagger elliott wave theory market timing stocks trend trading qqqq trading options trading Turbo Tagger Technorati Profile forex trading currency trading trading software foreign exchange currency forex software forex trading software Turbo Tagger forex trading forex trading currencies forex trading software forex free trial forex analysis Turbo Tagger power shares qqq powershares qqq qid qid trading qld trading gld Turbo Tagger     stock market stock market technical analysis technical analysis stock market timing market timing stock technical analysis Turbo Tagger   Stock Market Technical Analysis.  Elliott Wave Theory stock market technical analysis options trading elliott wave theory wave theory qqqq analysis Turbo Tagger

1113