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August 20, 2016

Saturday Aug 20, 2016 Weekly

Best Time to Buy is in the Green Zone!
Best Time to Buy is in the Green Zone!

08/20/2016 Weekly Commentary:  Markets were mixed for the week, as major Indices are still holding above the Pink Lines (10-day avgs.) S&P 500 must exceed the 2194 high of last week, or selling could come in.  Looks like the S&P 500 is about to complete Wave 5 up, since the bounce off the Green Line in late June.  After Wave 5 up is complete, the S&P 500 should drop down to test Support around 2130.

We got stopped out of all 4 positions on Friday (Steel & Metals) and some readers were asking how to avoid this chopping action…

We are in the 7th year of an aging Bull (2nd longest in history).. Our Short Term Trading System normally loses at least 1/3 of the time (Casinos lose about 46% of the time, and still make lots of Money), and the Green Line System normally wins overall, also).

We have been warning Followers that Buying when Markets are Way Above the Green Line is a poor bet, even with the very Strongest Funds.

Next Home Runs or Doubles will probably NOT BE in STOCK OR BOND FUNDS… It will probably Inverse Funds or Commodity Funds. ( Coal, Copper, Gasoline, Oil, Steel, etc, but they don’t meet the Rules, yet).

But in the meantime, many of our Followers want Short Term Action.

When you Buy, is as important as What you Buy.  The Chart above has been working great, if you only Buy in or near the Green BUY Zone.

If you don’t want lots of chopping action like now when Markets are Way Above the Green Line, WAIT for the S&P 500 to return to the Green Line, or WAIT for Green BUY Zones on the Chart Above.

Current Open Positions  Money Wave Buy on Friday for  ALB.
Soon for  AG   CLF  &  ONVO  We will email you when they are ready.

Alert! Market Risk High. 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.

“Real Time” Charts for Today

Posted By AbovetheGreenLine at 2:37 pm 2 Comments

Comments

  1. JimSVMI83 says

    August 20, 2016 at 4:42 pm

    How do I know when stocks hit the Buy point. I can’t seem to find a “Real Time ” chart for watch list stocks.

    Log in to Reply
    • AbovetheGreenLine says

      August 20, 2016 at 4:48 pm

      Just click on the Symbol in your email, and the Chart should pop up:

      Money Wave Buy on Friday for ALB.

      We have changed the Watchlist to include “On Deck Money Wave Buys soon.

      Log in to Reply

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

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