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October 17, 2016

Monday Oct 17, 2016

goro

GORO could go from $5 to $20 again Longer Term.

10/16/2016:  Many Stocks are near All Time Highs, and may not see these highs again for years, once we go into our next recession.

Most of the Gold Miners have recently pulled back down to the Green Line… GORO is a Mining Leader, and it holding up even better.
GORO and the Miners are Cheap relative the Highs in 2011… GORO could be waiting on the Green Line to push it back up to $25! (see chart above)  How many decades will it take Home Depot or Boeing to Triple from these levels?

 

We emailed that NTAP would probably get a Money Wave Buy today, as the Indicator was at 22 at the time of the Intra-day email post. The Money Wave Closed at 18, so there was no Signal after all (probably tomorrow).

If you bought it, please place your Sell Stop Loss under the Swing Low of $33.29.

The Strongest Leaders below have corrected down near their Red Lines (50-day avgs.) so we should have a decent Market bounce soon. The Leaders should go back up and re-test their Highs.

Money Waves Buys soon for ADSK  AMAT  AMKR  ARIA  EXEL  HPE  NTAP  OCLR  SMH  SRPT  SYMC  TTMI  XOP  YELP .  We will email you when they are ready.  Watch List   

Current Open Positions   Closed Positions      Charts for Leaders 

Alert! Market Risk Medium (Yellow Zone). The probability of successful Short Term Trades is lower, when the S&P 500 is Way Above the Green Line. Even the Strongest Funds can get chopped up. Either take quick gains from Money Wave Pops, or STAY IN CASH & WAIT for a larger correction.

Posted By AbovetheGreenLine at 10:46 pm Leave a Comment

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Voted #1 at Stock Charts

SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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