Following on from the comment at http://stockcharts.com/public/1107832 there are many Money Waves on Pages 1 & 2 in the Red Zone. Tuesday Comment: Markets dropped today after being over-bought. This could be Wave 5 of the 2 month rally on the S&P 500.
Money Wave buys soon for RFMD and TQNT:
Try to put new money into Investments that hold Above the Red Lines (50-day avg.) See list below Chart 1 on Page 1.
Buy Page 1 & 2 Investments in the Green Zone, and take profits in th e Red Zone. Spread your account into 3-5 Funds, and follow the Rules below each chart.
Good bounces happen when most of the Page 1 & 2 Money Waves on are in the Green Zone, AND Page 12 Money Waves are in the Red Zone. (at the same time)
'GREED' and lack of Rules have caused unsophisticated investors to forget that all Investments will eventually return to the Green Line.
BioTech and Internet hit their Green Lines recently, after most 'Panic Bought' in March.
Unload your inferior investments that did not make recent highs, and are below the Red Lines. Then buy Page 1 & 2 Investments that made fresh highs, and hold above the Red Lines.. 'Speculative Bubble' stage (PANIC buying) has popped in several sectors.
Caution. (See Page 11, Charts 99Q, 99R, & 99S) for divergences of the narrowing internals of our Markets.
Eventually Markets will meet again with their Green Lines (They always do). S&P 500 is high again, like it was in 2000 and 2007, and both times it got whacked -40%+ (Buy Low, Sell High). (See Page 5 Chart 57)
Don't listen to the Media...Markets will eventually RETURN back to their Green Lines. Don't let your GREED keep you from protecting gains. Use sell STOP losses
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