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ShepWave Pre-Market / Intra Day Update for Friday Published
Posted: 10/24/2014 01:23 EST
As published in this past Monday's Pre-Market Update (published late Sunday evening,
"I have noticed that in wave 2 rallies the markets will sometimes engage in a strong quick upward rally to basically re-trace to the necessary areas. Also it is not uncommon to see a successive series of 3 gap ups to hit the next top."
We have in fact seen a quick, powerful rally quickly retracing to some key areas; and we have see three gap up opens this week.
It is important to always be cognizant of such formations. I predict we see some more patterns that should be spotted fairly easily.
For triggers and targets read the notes nd analysis in this update closely.
Log In at www.shepwave.com for Friday's Pre-Market / Intra Day ShepWave Update
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 QQQQ and DIA.
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