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


Profits for MAY.. Already Locked in some good Profits for JUNE.. More coming for JUNE.
Posted: 6/20/2006 23:59 EST

Below are the trades we took in May.  We presented more opportunities in our updates for active traders.

June Trades will be posted later.  JUNE is shaping up to be a more profitable month than May was.

Trades in May:

May 22

ShepWave exited our QQQQ JULY Options position… Sold at a price of $1.80.  Profit of 100%

May 17

JULY DIA OPTIONS Sold  for $1.00/share.  Our average cost is $.875/Share.  14.8% profit.

May 12

ShepWave Exited 1/2 of Short QQQQ Position today at $40.36.  Profit of $1.84

May 11

ShepWave closed out entire position of BRCM PUTS for JUNE.

Sold entire position for $3.00/share.  Paid $1.50 /share.  100% profit in one week.

May 2

ShepWave exited the other 1/2 of our GOOG JUNE PUTS 430 strike.We sold this second half for $38.40.  That is a 113% profit

May 1

ShepWave is closing out 1/2 of our position for GOOGLE June PUTS.  Strike 430.  74.4% profit.

Current positions are doing very well.

In today's update I show the beautiful Elliott Wave Theory 'Picture' the markets are making.   Indices are acting as expected at this time.  June should be an even more profitable month.`

Click here to see today's update for

There is still time to enter positions to make profits for JUNE.

 Please PRAY for our Troops over seas. 

Have a Great Day.

Don't forget to sign up for CLUB EWI. It is a very informative FREE Service from Elliott Wave International.  Click image below to join for FREE.

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Elliott Wave International
Market Watch Prechter
A Ghost I Haven't Seen For a While...  7/6/2006 5:43:26 PM  " Historically, two things have always been true about the world's estimated oil reserves: 1) The experts chronically underestimate the size of those reserves, and, 2) The actual size of the world's proven oil reserves has increased every year for as long as records have been kept....Read More Fed Watchers, Beware Your Beliefs  7/6/2006 6:27:00 PM  " People think that the Fed 'managed' the economy brilliantly in the 1980s and 1990s. But the deep flaws in the Fed's manipulation of the banking system to induce and facilitate the extension of credit will bear bitter fruit in the next depression.Read More
Forex Focus
Futures Focus
Why DIDN'T the Dollar Rally Today?   7/6/2006 12:42:38 PM  " If last week's main event was the Fed's decision to raise U.S. interest rates for the 17th consecutive time, this weeks 'main attraction' has to be the meeting by the Fed's counterpart, the European Central Bank, about the same issue. Well, the ECB did meet today -- and left the rates unchanged.~OK, let's do some basic fundamental analysis now. The Fed raised the U.S. rates to 5.25% last week. The ECB kept theirs at 2.75% today. The U.S. rates remain almost twice as high as in Europe, giving the USD a clear interest rate advantage. You would think that in this situation, the USD would soar, right? Nope... Read on.~Read More The Perfect Storm In O.J.  7/6/2006 12:17:23 PM  " If you want to know about hurricanes, read the mainstream financial news stories on orange juice. If you want to know where OJ prices are headed in the days to come, read Daily Futures Junctures....Read More
Global Wrap
European Market Watch
Global Markets Ready for World Cup   6/5/2006 2:27:51 PM  " World Cup football is here, with the opening matches of FIFA's Germany 2006 scheduled for Friday, June 9. Keeping track of all of the teams and the matches is a gargantuan task -- much like the task any investor faces when trying to track financial markets around the world.~Read More Europe: 'Sell in May...' or 'Summer Rally'?   7/3/2006 9:11:23 AM  " They don't just say, 'Sell in May and go away...' for nothing. May and June are never the friendliest time for stocks -- but this year, they've been particularly harsh. In all fairness, though, the recent declines weren't completely unexpected. Many European analysts went on record calling for a 10% correction -- sooner rather than later. And how could you not? European indexes haven't had a decent correction in over three years, so the recent 'hiccups' could be just that.~It's precisely this 'normalcy' to the declines that makes it tempting to call them 'just a correction.' And then go ahead and load up on 'cheap' European stocks... But as Tom Denham, editor of our European Financial Forecast Service, warns: 'The current juncture is a difficult one. Buying European stocks now would be a little like trying to catch a falling knife. You might succeed, but there is a good chance of being cut.' How do you avoid getting 'cut'? Know what the larger trend is. And the just published, July European Financial Forecast tells you just that... Read on.~NEW! NEW! NEW! Our European Financial Forecast Service (EFFS) now tells you about Special Global Opportunities -- three times a week!~The latest updates include forecasts for the Singapore Straits Times Index and the India Sensex Index. See The European Short Term Update for details (ESTU; part of the EFFS). You'll find Special Opportunities reviewed earlier in the Archives section of the ESTU.Read More
The Independent Investor Crash Course was a huge success: Over 25,000 visitors downloaded the 5 free reports! Dont miss out! Weve extended free access until Friday, July 7. Dont follow the herd -- start thinking independently, visit the Crash Course Now.



Reference: 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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