ShepWave Update Published.. May HIGHS to get Broken?
by ShepWave.com
Posted: 8/17/2006 15:04 EST
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I have published today's update to show the recent technical evidence.. Is the short term rally over? NO clear evidence yet... in fact.. some time frames are showing a potential for one more push. Will the highs of May get Broken??
What is the Dow Transportation index telling us? Further Upside? Followed by Precipitous selling?
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Dear Wavers,
Futures magazine is featuring, How to Draw and Use Trendlines, written by our very own Jeffrey Kennedy.
In the report, Jeffrey explains how trendlines are one of the most useful, dynamic, and simplest tools a trader can employ.
Specific lessons include:
Futures magazine has made the report available to you, free. They are also offering a complimentary subscription to Futures magazine for all Club EWI members. Their magazine is always a great read and we encourage you to take them up on their offer.
You can read, How to Draw and Use Trendlines, and get your free subscription by visiting:
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Click the image below to Join CLUB EWI.. It is FREE.
Also click on image below for some interesting reading.
Browse through our BLOG for recent trade data.
When the Dow Industrials Index recently hit a multi-year high in May the Financial Television Channels were pumping the rally. Flashing a ticker showing how many points to a new all time high. Who did this help? Click here to see one of many updates published that week showing our analysis and how we were positioning ourselves to PROFIT from the upcoming turn. Are these Financial Information channels helping the average investor or perpetuating denial as to the mid and longer term direction of the U.S. Markets? Click here to read our update from May 13, 2006. TARGETS HIT.
| 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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