ShepWave SPECIAL QQQQ Update. Trade entries triggerd. Short term targets HIT.
by ShepWave.com
Posted: 4/16/2006 23:43 EST
I am publishing tonight's update to show action for the QQQQ. Most of you know to use the analysis for the Nasdaq 100 index as a proxy for QQQQ analysis. But, sometimes it is good to show the actual entry trigger and trade targets with the QQQQ charts.
The 60 minute chart of the QQQQ in today's update shows the sell signal trigger last week. It also shows that our first target has been hit. I am not totally convinced that a rally won't occur to bring in a new high. Short term traders 'could' take profits. Longer term traders refer to recent updates for trade management..
I use the 5 minute chart for the Q's to show several potential short to mid term Trading Opportunities. Trigger targets and Trade Targets SHOWN.
The Daily chart of the QQQQ is very revealing and gives a clear picture of the action needed to confirm whether the rally is over or not. The moment of truth could be upon us.
See tonight's update to see what we are looking for to strengthen longer term analysis.
Go to http://www.shepwave.com/ for tonight's update.
QQQQ Trading and Analysis.
Day trading Analysis.
QQQQ Timing.
Elliott Wave Theory Analysis.
Technical analysis.
Stock Market Timing and Analysis.
| 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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