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http://techncialanalysis.blogspot.com/ ShepWave.com Elliott Wave Theory: August 2007
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Sunday, August 05, 2007

 

ShepWave Stock Market Technical Analysis. Elliott Wave Theory

Elliott Wave Theory. U.S. Stock Market Timing and Analysis.

The S&P 500 closed out the week last week sitting exactly on its 50 week moving average. The S&P also hit exactly a Fibonacci 61.8% correction from the rally which began in March. Is this a buying opportunity? In tonight's update I show some potential trade set ups for this next week. This should prove to be a very interesting week. ShepWave will be looking to enter Short Term QQQQ and SUNW trades Monday Morning. I show the potential short term trade set ups in tonight's update. I will be doing Intra Day Analysis ALL DAY MONDAY. So keep checking back throughout the day to get chart and analysis updates. ShepWave has published Three Updates this weekend showing technical analysis, targets and trading strategies whether you are a short, mid (swing) or long term trader.


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