Above the Green Line - Oct 22, 2017 Buy high, and Sell Higher: Momentum Investing

Joanne Klein

Weekly Comment: Markets were up for the week on Good News Buying. The Strongest are back up in the Red Zones (probably too late to Buy for the Short Term.)
This could be the Wave 5 of 5 up of the Trump rally since Nov 8th). (See Page 5 Chart 54).
Most Funds are still Way Above the Green Line. (All Investments eventually return to the Green Line).

Money Wave Buys on Friday for PLUG. Soon for XBI & FCAU IPI MNKD and 1 more. Wait for the Leaders to return to the Green Zones. Buy when the Money Wave Closes back Above 20. Have this List & Charts emailed to you from the Premium site: www.abovethegreenline.com.

Many Funds are having trouble staying Above 90 Relative Strength. Markets are tired.
We would like to warn you: When Markets are narrow & tired like they are now, either take quick gains from Money Wave Pops,
or STAY IN CASH & WAIT for a larger correction (down to the Green Lines).

KEEP IT SIMPLE: Buy Page 1 & 2 Funds in the Green Zone, and take profits in the Red Zone.
Split your account into 3-5 positions (For Short Term Trades with Sell Stops). Follow text below each chart.

REMEMBER: All Investments eventually RETURN to their Green Line. (Above or Below the Green Line, is temporary human emotion.)

Thank you for your votes to keep us #1. Please send some profits to help animals (ASPCA).

RULES ARE ON PAGE 3. Good trading, and tell your friends!

@AboveGreenLine for Twitter Feed.

71 NASDAQ 100 QQQ - 15 min

72 Nasdaq 100 (QQQ) - 60 min

73 Nasdaq 100 (QQQ) - Daily

Relative Strength is Below 90.
Oct 18 Caution! Money Wave is in the Red Zone. Short Term Traders: Sell if it Closes below the Pink Line.

Aug 8 Caution! Money Wave is in the Red Zone. Short Term Traders: Sell if it Closes below the Pink Line.
Apr 21 Money Wave > 50. Short Term Traders: If it is going to Close below where you bought it, GET OUT!
Apr 17 Relative Strength is Below 90.
Apr 5 Caution! Money Wave is in the Red Zone (Intra-day). Short Term Traders: Sell if it Closes below the Pink Line.
Nov 23 Caution! Money Wave is in the Red Zone. Short Term Traders: Sell if it Closes below the Pink Line.
Nov 8 Money Wave > 50. Raise sell stop loss to entry point on CLOSE.
Nov 7 Money Wave Buy, but it Breaks the Rules.

74 Nasdaq 100 ($NDX) - Weekly

Oct 16 Buying up here at Highs is a very poor Reward / Risk, based on history.

75 Nasdaq 100 Double Inverse Fund (QID) - Daily

Below the Green Line. Avoid!

76 IWM - 15 min

77 Small Cap Funds (IWM, UWM, & TNA) - 60 min

78 TZA - 1 hour

79 Small Cap Fund (IWM) - Daily

Relative Strength is Below 90.

Oct 6 Caution! Money Wave is in the Red Zone. Short Term Traders: Sell if it Closes below the Pink Line.
Jul 21 Caution! Money Wave is in the Red Zone. Short Term Traders: Sell if it Closes below the Pink Line.

80 Small Cap Fund (IWM) - Weekly

Oct 20 Caution! Money Wave is in the Red Zone.

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