ShepWave Pre-Market / Intra Day Update for Wednesday. NEW SUBSCRIBERS HAVE ONE WEEK!
by ShepWave.com
Posted: 2/7/2017 16:31 EST

Do all of these gaps and Island Reversal patterns signal anything of importance to you? Well for those of you who have been trading actively for a few years you will remember that it is exactly this type of choppy opens (gaps) and Island patterns as well as wedge patterns that have been present at key market turns--or trend changes-- of the past.

For those of us who have been at this for 20-40 years or so, we recognize too well the potential significance of these patterns. Remember back in the fall of 2002 when we were crushing the market--being short the markets--form April until we saw similar patterns in September and October of 2002 and then a major reversal occurred  taking the Dow from the low 7,000s to above the 14,000 area in just a few years?

Well now is not the time to be complacent. We will need to follow the technicals very carefully in the near term to watch for a similar type of market transition.

In at www.shepwave.com for Wednesday's Pre-Market / Intra Day ShepWave Update.

Patience is sometimes the key. The markets have been in a range bound short to mid term trend for some time.  THIS WILL END.

In fact it could end sooner than what some are saying. The key is to watch the technicals.

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