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ShepWave.. Monday Update published Early... Rally OVER??
by ShepWave.com
Posted: 12/22/2006 12:51 EST

Today's market action is a follow through from the analysis we showed a couple of days ago. The trend line we have been watching for several weeks has finally given in. I show short/mid term targets in today's update. I show how today's Nasdaq action was a 'no brainer' for short term traders.

Today's update will replace the regular scheduled update for Monday. The U.S. Markets are closed Monday for Holiday. Happy Holidays.

Targets for the indexes.. Will we get a bounce..and how do we trade a bounce?? See today's Update.

Click here to read today's ShepWave update.

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QQQ Trading, QQQQ Options, Dow Industrials, S&P 500, Nasdaq 100 Index, Nasdaq Composite index.

Elliott Wave Theory.

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Feed Shark

597....24....8

1049...25....16

1134....25....22

1320.....26.....10

1501....26.....23

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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