ShepWave
ShepWave.com
ShepWave.com
Elliott Wave Theory stock market technical analysis. Major U.S. Indexes.
Specializing in QQQ and the DIA analysis and trading. QQQ and DIA Options trading.
ShepWave's BLOG

ShepWave

ShepWave End of Day/Week Notes. Markets remain moving with extreme predictability.
by ShepWave.com
Posted: 8/19/2011 16:34 EST

ShepWave End of Day/Week Notes. Markets remain moving with extreme predictability.
 
This past week has seen the U.S. Equity indices move very predictably. Beginning with the bounce targets given two weeks ago the targets held and provided short term resistance. We also saw the Island Reversal pattern work out nicely this past week. The three day Island formed this past Monday, Tuesday and Wednesday was supported by the Gap Down open on Thursday which we did NOT expect to see fill. The gap is still left open.

Also on Friday we were expecting to see the gap down open fill, which it did, and the short term bounce targets given in Friday's Pre-Market update were hit and also provided short term resistance as expected.

The next few weeks could provide some very good swing trading conditions. There may even be a short to mid term buying opportunity. But, wait for the signals. ShepWave will go into more detail this weekend in our Four Part Series which we will publsh for the Regular Scheduled Update for Monday.

Markets are heating up.

Log In at www.shepwave.com for Friday's End of Day Notes from the Intra Day ShepWave Update.

The Markets remain in a very technically critical point. It is not a good time for traders or investors to be complacent. Possible 20%+ move coming soon. Position Now.

The ShepWave Eight Year Anniversary Subscription Specials ($60 Three Month Subscription and $99 Six Month Subscription) will be ending soon. We will begin a referral program for subscribers. For every new subscriber you introduce to ShepWave we will add one month on to your subscription.

Existing Subscribers can take advantage of the Special prior to the expiration of their current subscription; the time will automatically be added to subscription.

 

 

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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