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Market-2

Above the Green Line © is a Newsletter System of rotating into Investments that generally have more Buyers than Sellers (Above the Green Line, which is Above the 250 day exponential moving average), and the highest Relative Strength (> 90 Relative Strength).

This System is designed to Buy High, and Sell Higher, where we BUY on the DIPS. But Momentum Investing does  require discipline.

We email, text and tweet commentary on a daily and weekly basis. Below are commentaries previously posted.

***** THESE ARE SAMPLE PAGES & ARE NOT CURRENT ****

October 22, 2023

Green Line Weekly Oct 22, 2023

TLT chart
Low Bond Prices have caused high Interest Rates, but that will BUST Inflation.

10/22/2023 Markets were lower for the week as long term Interest Rates shot up again and made a higher high on Inflation Fears. The Media is scaring Dumb Money into selling their Bonds now with a 5.1% yield (note huge Selling Climax Volume). This is the opposite of when Dumb Money was panic Buying Bonds in 2020 COVID with only a 1.12 % yield.

Eventually High Interest Rates will slow the Economy down, and the Green Line tells us that Rates should drop down to around 4%. Won’t investors be surprised! Now Stocks need for T-Bonds to put in a good bottom and bounce up. Eventually Bonds will meet again with the Green Line, when the Inflation FEAR subsides. Then we should see the Stock Indices go up on Wave 5 to retest the August high.  

If you continue to Follow the Green Line System, your Money should flow into the Strongest areas and your account value should be able to grow in both Bull and Bear Markets. Follow the MONEY, not the MEDIA.

_____________________________________________________________________________________________

Small Gains were closed out this week on Lilly (+9.6%), Amazon, NVIDIA, NASDAQ 100 Fund, S&P 500 Fund & Tech Fund. The Grayscale BitCoin Fund GBTC broke out this week for Stage 2 Bull in the long Term Portfolio and shot up 16.8%.

_____________________________________________________________________________________________

For the week the Dow was down 1.58%, the S&P 500 was down 2.39% and the NASDAQ 100 was down 2.92%. Many of the major Indices still have a Relative Strength below 80, so you should currently own the stronger Funds here. 

The Inflation Index (CRB) was up 0.72% for the week and is Above the Green Line, indicating Economic Expansion.

Bonds were down 4.99% for the week, and are Below the Green Line, indicating Economic Expansion.

The US DOLLAR was down 0.42% for the week and is Above the Green Line. 

Crude Oil was up 0.44% for the week at $88.08 and GOLD was up 2.72% at $1994.40.   

SEE SUPPLEMENTAL CHARTS

_____________________________________________________________________________________

We are doing many micro Day Trades on our new Discord site (free). Please join Discord on your cell phone app for day trading mobile notifications during the day. Other methods of notification have been too slow. Also, please check our our Live Streaming on YouTube during Market hours.

More action this week on the Day Trading Scrolling Charts, and Day Trading Charts for Indices & Large Caps.

_____________________________________________________________________________________________

MONEY BUYS SOON:

We are in now in 6 logged Swing Trading Positions for the Short & Medium Term. There are 8  investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buy Signals!

LONG TERM INVESTMENTS:  

Long Term Scrolling Charts (Real Time)        

AI      C3 AI INC.      Buy above $30.08 with High Volume with a 3% Trailing Sell Stop Loss below it.     
BLDR      BUILDERS FIRSTSOURCE      Wait for next Weekly Money Wave Close > 20 with High Volume. 
GBTC      GRAYSCALE BITCOIN FUND      Bought above $21.10 with High Volume and it shot up 16.8%.
ITB      HOME BUILDING FUND      Wait for next Weekly Money Wave Close > 20 with High Volume.     
ORCL    ORACLE CORP.      Wait for next Weekly Money Wave Close > 20 with High Volume.
PINS      PINTEREST INC.      Buy above $30.86 with High Volume with a 3% Trailing Sell Stop Loss below it.   
SH      INVERSE S&P 500 FUND       Buy above $17.71 with High Volume with a 3% Trailing Sell Stop Loss below it.   
SVIX      INVERSE VIX FUND (Greed Index)      Wait for next Weekly Money Wave Close > 20 with High Volume.
TAL      TAL EDUCATION GROUP    Buy above $10.45 with High Volume with a 3% Trailing Sell Stop Loss below it.      
WW       WEIGHT WATCHERS INT’l.    Buy above $12.13 with High Volume with a 3% Trailing Sell Stop Loss below it. 

__________________________________________________________________________________________

My Trading Dashboard
Swing Trading Scrolling Charts
Day Trading Scrolling Charts

Click for  Watch Lists
Click for  Current Positions
Click for  Closed Positions

Updated Top 100 List Oct 1, 2023
Dividend Growth Portfolio  
Updated ETF Sector Rotation System      
Dogs of the DOW System
Long Term Strategy for IRAs & 401k Plans
CNN Fear & Greed Index
Scrolling Stage Chart Investing Charts

Alert! Market Risk is Low (GREEN). The probability of successful Short Term Trades is better, when the % of stocks above the 50-day avg. is below 20. 

Tell your Friends about the Green Line, and Help Animals.

________________________________________________________________________________ 

QUESTION:  Juanita writes “Does the ATGL website list previously posted (or all) “recent comments,” not just the two to three most current ones?  I  find reading those comments and replies very helpful, but I frequently miss them because I am not on the computer trading every day.  Is there somewhere on the website I can find older postings to  review?”

ANSWER:  Yes Juanita, all emails are available on the Main Menu of the web site under Commentary for weekly, and Buy/Sell Signals for Daily.

Good trading and tell your friends!

Related Post

– AI

October 15, 2023

Green Line Weekly Oct 15, 2023

TYX Chart
Weekly Sell Signal now on Long Term Interest Rates (TYX).

10/15/2023 Markets shot up earlier this week and the S&P 500 rallied up to the 50-day avg. (like it always does). Then the Indices became over bought for the short term (back up in the Red Zones), and are pulling back on profit taking. The Strongest Leaders are holding up fine above the 10-day averages.

The S&P 500 Index had a 4.1% bounce up off of the Green Line, after the Media tried to Flush out the Dumb Money that bought at the August highs on GREED & FOMO (Fear of Missing Out). Now Stocks need for T-Bonds to put in a good bottom and bounce up. Eventually Bonds will meet again with the Green Line, when the FEAR subsides. Then we should  see the Stock Indices go up on Wave 5 to retest the August high.  

If you continue to Follow the Green Line System, your Money should flow into the Strongest areas and your account value should be able to grow in both Bull and Bear Markets. Follow the MONEY, not the MEDIA.
_____________________________________________________________________________________________

For the week the Dow was up 0.77%, the S&P 500 was up 0.46% and the NASDAQ 100 was up 0.16%. Many of the major Indices still have a Relative Strength below 80, so you should currently own the stronger Funds here. 

The Inflation Index (CRB) was up 2.55% for the week and is Above the Green Line, indicating Economic Expansion.

Bonds were up 3.33% for the week, and are Below the Green Line, indicating Economic Expansion.

The US DOLLAR was up 0.61% for the week and is Above the Green Line. 

Crude Oil was up 5.92% for the week at $87.69 and GOLD was up 5.22% at $1941.50.   

SEE SUPPLEMENTAL CHARTS

_____________________________________________________________________________________

We are doing many micro Day Trades on our new Discord site (free). Please join Discord on your cell phone app for day trading mobile notifications during the day. Other methods of notification have been too slow. Also, please check our our Live Streaming on YouTube during Market hours.

More action this week on the Day Trading Scrolling Charts, and Day Trading Charts for Indices & Large Caps.

_____________________________________________________________________________________________

MONEY BUYS SOON:

We are in now in 10 logged Swing Trading Positions (fully invested) for the Short & Medium Term. There are 4  investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buy Signals!

LONG TERM INVESTMENTS:  

Long Term Scrolling Charts (Real Time)        

AI      C3 AI INC.      Buy above $30.08 with High Volume with a 3% Trailing Sell Stop Loss below it.     
BLDR      BUILDERS FIRSTSOURCE      Wait for next Weekly Money Wave Close > 20 with High Volume. 
GBTC      GRAYSTONE BITCOIN FUND      Buy above $21.10 with High Volume with a 3% Trailing Sell Stop Loss below it.
ITB      HOME BUILDING FUND      Wait for next Weekly Money Wave Close > 20 with High Volume.     
ORCL    ORACLE CORP.      Wait for next Weekly Money Wave Close > 20 with High Volume.
PINS      PINTEREST INC.      Buy above $30.86 with High Volume with a 3% Trailing Sell Stop Loss below it.   
SH      INVERSE S&P 500 FUND       Buy above $17.71 with High Volume with a 3% Trailing Sell Stop Loss below it.       
TAL      TAL EDUCATION GROUP    Buy above $10.45 with High Volume with a 3% Trailing Sell Stop Loss below it.      
WW       WEIGHT WATCHERS INT’l.    Buy above $12.13 with High Volume with a 3% Trailing Sell Stop Loss below it. 

__________________________________________________________________________________________

My Trading Dashboard
Swing Trading Scrolling Charts
Day Trading Scrolling Charts

Click for  Watch Lists
Click for  Current Positions
Click for  Closed Positions

Updated Top 100 List Oct 1, 2023
Dividend Growth Portfolio  
Updated ETF Sector Rotation System      
Dogs of the DOW System
Long Term Strategy for IRAs & 401k Plans
CNN Fear & Greed Index
Scrolling Stage Chart Investing Charts

Alert! Market Risk is Low (GREEN). The probability of successful Short Term Trades is better, when the % of stocks above the 50-day avg. is below 20. 

Tell your Friends about the Green Line, and Help Animals.

________________________________________________________________________________ 

QUESTION:   Jeff writes “Hello, in trying to understand your “DONT TAKE A LOSS” comments. Why don’t you raise the stop loss when the stock pops up so much? I am not capturing a lot of upside, as I wait and get out conservatively. Is the point to let them run with a large stop loss to capture maximum upside?

ANSWER:  Hi Jeff. When a Stock is really running, having a Stop below the Pink Line usually works well. But sometimes they “Gap Up” way above all averages. There is no correct answer, except that we know that the Investment will eventually return to all of the averages. Try to judge if the Market is very Strong or not…

In the current Market, we are capturing smaller Gains…  Holding on for more could be determined by calculating the Reward / Risk ratio of 2:1. (Can it go up $4 more with downside of only $2?) Also some members want to see more longer term results by strictly following the Rules.

When the Money Wave > 50, then the Stop is raised to the Buy Price. (Don’t Take a Loss!). Probability says to “Get Out Even” and wait for the next trade.

Thanks for writing.

ATGL

Related Post

– AI

October 8, 2023

Green Line Weekly Oct 8, 2023

TLT Chart
Dumb Money is Panic Selling Treasury Bonds (TLT) for 1/2 Price on FEAR.

10/8/2023 Markets finally reversed the down trend and Closed higher. The Media had another excellent FEAR Flush designed to cause Dumb Money to Sell out, after Dumb Money Bought at the August highs on GREED & FOMO (Fear of Missing Out). All of the classic bottoming signs: 1. VIX FEAR Index went from a low of $13 (Sell) to $20.48 (Buy) up 57%, 2. CNN Fear and Greed Index dropped from 82 (Sell) to 15 (Buy) this week, and 3. S&P 500 Stocks above the 50-day avg. dropped from 82 (Sell) to 8 (Buy).

Stocks needed for T-Bonds to bounce up. Eventually Bonds will meet again with the Green Line, when the FEAR subsides. It looks like the A-B-C Correction of Wave 4 down of the S&P 500 Index might have ended this week. Then we should finally see the Markets go up on Wave 5 to retest the August high.  

Last October when Bonds went down and bounced up from the Support, the S&P 500 rallied 15%. Try to Buy Investments that held above the 50-day, as they normally bounce up first. 

If you continue to Follow the Green Line System, your Money should flow into the Strongest areas and your account value should be able to grow in both Bull and Bear Markets. Follow the MONEY, not the MEDIA.
_____________________________________________________________________________________________

For the week the Dow was down 0.25%, the S&P 500 was up 0.48% and the NASDAQ 100 was up 1.79%. Many of the major Indices still have a Relative Strength below 80, so you should currently own the stronger Funds here. 

The Inflation Index (CRB) was down 2.68% for the week and is Above the Green Line, indicating Economic Expansion.

Bonds were down 4.09% for the week, and are Below the Green Line, indicating Economic Expansion.

The US DOLLAR was down 0.03% for the week and is Above the Green Line. 

Crude Oil was down 8.81% for the week at $82.79 and GOLD was down 1.12% at $1845.20.   

SEE SUPPLEMENTAL CHARTS

_____________________________________________________________________________________

We are doing many micro Day Trades on our new Discord site (free). Please join Discord on your cell phone app for day trading mobile notifications during the day. Other methods of notification have been too slow. Also, please check our our Live Streaming on YouTube during Market hours.

More action this week on the Day Trading Scrolling Charts, and Day Trading Charts for Indices & Large Caps.

_____________________________________________________________________________________________

MONEY BUYS SOON:

We are in now in 10 logged Swing Trading Positions (fully invested) for the Short & Medium Term. There are only 3 investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buy Signals!

LONG TERM INVESTMENTS:  

Long Term Scrolling Charts (Real Time)        

AI      C3 AI INC.      Buy above $30.08 with High Volume with a 3% Trailing Sell Stop Loss below it.     
BLDR      BUILDERS FIRSTSOURCE      Wait for next Weekly Money Wave Close > 20 with High Volume. 
GBTC      GRAYSTONE BITCOIN FUND      Buy above $21.10 with High Volume with a 3% Trailing Sell Stop Loss below it.
ITB      HOME BUILDING FUND      Wait for next Weekly Money Wave Close > 20 with High Volume.     
ORCL    ORACLE CORP.      Wait for next Weekly Money Wave Close > 20 with High Volume.
PINS      PINTEREST INC.      Buy above $30.86 with High Volume with a 3% Trailing Sell Stop Loss below it.   
SH      INVERSE S&P 500 FUND       Buy above $17.71 with High Volume with a 3% Trailing Sell Stop Loss below it.       
TAL      TAL EDUCATION GROUP    Buy above $10.45 with High Volume with a 3% Trailing Sell Stop Loss below it.       
W       WAYFAIR INC.      Buy above $90.71 with High Volume with a 3% Trailing Sell Stop Loss below it.
WW       WEIGHT WATCHERS INT’l.    Buy above $12.13 with High Volume with a 3% Trailing Sell Stop Loss below it. 

__________________________________________________________________________________________

My Trading Dashboard
Swing Trading Scrolling Charts
Day Trading Scrolling Charts

Click for  Watch Lists
Click for  Current Positions
Click for  Closed Positions

Updated Top 100 List Oct 1, 2023
Dividend Growth Portfolio  
Updated ETF Sector Rotation System      
Dogs of the DOW System
Long Term Strategy for IRAs & 401k Plans
CNN Fear & Greed Index
Scrolling Stage Chart Investing Charts

Alert! Market Risk is Low (GREEN). The probability of successful Short Term Trades is better, when the % of stocks above the 50-day avg. is below 20. 

Tell your Friends about the Green Line, and Help Animals.

________________________________________________________________________________ 

QUESTION: Jim S. writes “Why do you use the 250 vs 200 day or any other moving average? And, in a bear market, are you concerned that your Money Wave (slow sto line) might get stuck in the Green Zone for an extended period or give false breakout buy signals?

ANSWER: Hi Jim. The 250-day average (Green Line) has been back tested and has fewer “false Sell Signals” than the 200-day.  The question should be: Why do most investors use the inferior 200-day average?

In the next Bear Market, we should be in Inverse Funds (like SH) which we were in the 2008 Bear (with good success)… In a Bear Market, most investments will be Below the Green Lines. The Green Line Rules do not allow us to Buy weaker investments Below the G L.

But historically there will always be investments Above the Green Lines, and we should have them for you.

Good trading and tell your friends!

ATGL

Related Post

– AI

October 1, 2023

Green Line Weekly Oct 1, 2023

SPX Chart
The S&P 500 (SPX) FEAR Flush down should be over soon.

10/1/2023 Markets were mostly lower for the week as Treasury Bonds dropped another 3%, down slightly below the October Support. The low Bond prices have caused long term Interest & Mortgage Rates to surge up and create slow down Fears. But T-Bonds are over sold (Way Below the Green Line) on FEAR, and near Support. Last October when Bonds went down and bounced up from the Support, the S&P 500 rallied 15%.

Stocks need Bonds to bounce up, and then the S&P 500, NASDAQ 100 and Tech Funds should complete the A-B-C Correction of Wave 4 down soon. Then we should finally see the Markets go up on Wave 5 to retest the high.  

Currently Only 14% of Stocks are still above the 50-day averages, just like at the March low. Historically that has been an excellent time to load up with Stocks for a bounce. Try to Buy Investments that held above the 50-day, as they normally bounce up first. 

If you continue to Follow the Green Line System, your Money should flow into the Strongest areas and your account value should be able to grow in both Bull and Bear Markets. Follow the MONEY, not the MEDIA.
_____________________________________________________________________________________________

For the week the Dow was down 1.36%, the S&P 500 was down 0.68% and the NASDAQ 100 was up 0.10%. Many of the major Indices still have a Relative Strength below 80, so you should currently own the stronger Funds here. 

The Inflation Index (CRB) was down 0.51% for the week and is Above the Green Line, indicating Economic Expansion.

Bonds were down 3.00% for the week, and are Below the Green Line, indicating Economic Expansion.

The US DOLLAR was up 053% for the week and is Above the Green Line. 

Crude Oil was up 0.84% for the week at $90.79 and GOLD was down 4.09% at $18.66.10.   

SEE SUPPLEMENTAL CHARTS

_____________________________________________________________________________________

We are doing many micro Day Trades on our new Discord site (free). Please join Discord on your cell phone app for day trading mobile notifications during the day. Other methods of notification have been too slow. Also, please check our our Live Streaming on YouTube during Market hours.

More action this week on the Day Trading Scrolling Charts, and Day Trading Charts for Indices & Large Caps.

_____________________________________________________________________________________________

MONEY BUYS SOON:

We are in now in 10 logged Swing Trading Positions (fully invested) for the Short & Medium Term. There are only 2 investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buy Signals!

LONG TERM INVESTMENTS:  

Long Term Scrolling Charts (Real Time)        

AI      C3 AI INC.      Buy above $30.08 with High Volume with a 3% Trailing Sell Stop Loss below it.     
BLDR      BUILDERS FIRSTSOURCE      Wait for next Weekly Money Wave Close > 20 with High Volume. 
GBTC      GRAYSTONE BITCOIN FUND      Buy above $21.10 with High Volume with a 3% Trailing Sell Stop Loss below it.
ITB      HOME BUILDING FUND      Wait for next Weekly Money Wave Close > 20 with High Volume.     
ORCL    ORACLE CORP.      Wait for next Weekly Money Wave Close > 20 with High Volume.
PINS      PINTEREST INC.      Buy above $30.86 with High Volume with a 3% Trailing Sell Stop Loss below it.   
SH      INVERSE S&P 500 FUND       Buy above $17.71 with High Volume with a 3% Trailing Sell Stop Loss below it.       
TAL      TAL EDUCATION GROUP    Buy above $10.45 with High Volume with a 3% Trailing Sell Stop Loss below it.       
W       WAYFAIR INC.      Buy above $90.71 with High Volume with a 3% Trailing Sell Stop Loss below it.
WW       WEIGHT WATCHERS INT’l.    Buy above $12.13 with High Volume with a 3% Trailing Sell Stop Loss below it. 

__________________________________________________________________________________________

My Trading Dashboard
Swing Trading Scrolling Charts
Day Trading Scrolling Charts

Click for  Watch Lists
Click for  Current Positions
Click for  Closed Positions

Updated Top 100 List Oct 1, 2023
Dividend Growth Portfolio  
Updated ETF Sector Rotation System      
Dogs of the DOW System
Long Term Strategy for IRAs & 401k Plans
CNN Fear & Greed Index
Scrolling Stage Chart Investing Charts

Alert! Market Risk is Low (GREEN). The probability of successful Short Term Trades is better, when the % of stocks above the 50-day avg. is below 20. 

Tell your Friends about the Green Line, and Help Animals.

________________________________________________________________________________ 

5 Ways to Get your Daily Money Wave Email Alert:

    • Emailed to your box between 3:45 – 3:50 pm EST.
    • Website menu Commentary/Buy/Sell Signals
    • Discord Chat. and X (Twitter) @AboveGreenLine  mobile notifications are the fastest (please set up “mobile notifications”)
    • Text messages: Email us your Cell number & phone carrier.

Thank you,

ATGL

Related Post

– AI

September 24, 2023

Green Line Weekly Sep 24, 2023

FEAR is here, and that is when we like to Buy Stocks! (CNN Fear & Greed Index).

9/24/2023 Markets were lower for the week as Treasury Bonds did not bounced up, but fell more near the October Support. The low Bond prices have caused long term Interest & Mortgage Rates to surge up and create slow down Fears. But T-Bonds are over sold (Way Below the Green Line) on FEAR, and near Support. Last October when Bonds went down and bounced up from the Support, the S&P 500 rallied 15%.

Stocks need Bonds to bounce up, and then the S&P 500, NASDAQ 100 and Tech Funds should complete the A-B-C Correction of Wave 4 down soon. Then we should finally see the Markets go up on Wave 5 to retest the high.  

Currently Only 19% of Stocks are still above the 50-day averages, and historically that has been an excellent time to load up with Stocks for a bounce. Try to Buy Investments that held above the 50-day, as they normally bounce up first. Some Leaders are: XLE Energy Fund, SVIX Inverse VIX Fund, BX Blackstone, DELL, LLY Eli Lilly, GOOGL, META, PR Permian, SLB Schlumberger, URA Uranium Fund, X US Steel, XOP Oil & Gas Fund.

If you continue to Follow the Green Line System, your Money should flow into the Strongest areas and your account value should be able to grow in both Bull and Bear Markets. Follow the MONEY, not the MEDIA.
_____________________________________________________________________________________________

For the week the Dow was down 1.90%, the S&P 500 was down 2.92% and the NASDAQ 100 was down 3.34%. Many of the major Indices still have a Relative Strength below 80, so you should currently own the stronger Funds here. 

The Inflation Index (CRB) was down 1.25% for the week and is Above the Green Line, indicating Economic Expansion.

Bonds were down 1.65% for the week, and are Below the Green Line, indicating Economic Expansion.

The US DOLLAR was up 0.26% for the week and is Above the Green Line. 

Crude Oil was up 0.01% for the week at $90.03 and GOLD was down 0.03% at $1945.60.   

SEE SUPPLEMENTAL CHARTS

_____________________________________________________________________________________

We are doing many micro Day Trades on our new Discord site (free). Please join Discord on your cell phone app for day trading mobile notifications during the day. Other methods of notification have been too slow. Also, please check our our Live Streaming on YouTube during Market hours.

More action this week on the Day Trading Scrolling Charts, and Day Trading Charts for Indices & Large Caps.

_____________________________________________________________________________________________

MONEY BUYS SOON:

We are in now in 5 logged Swing Trading Positions for the Short & Medium Term. There are 11 investments on the Short Term Watch List. 

Be patient and WAIT for Green Zone Buy Signals!

LONG TERM INVESTMENTS:  

Long Term Scrolling Charts (Real Time)        

AI      C3 AI INC.      Buy above $30.08 with High Volume with a 3% Trailing Sell Stop Loss below it.     
EXAS       EXACT SCIENCES CORP.      Wait for next Weekly Money Wave Close > 20 with High Volume.    
GBTC      GRAYSTONE BITCOIN FUND      Buy above $21.10 with High Volume with a 3% Trailing Sell Stop Loss below it.
ITB      HOME BIULDING FUND      Wait for next Weekly Money Wave Close > 20 with High Volume.
PINS      PINTEREST INC.      Buy above $30.86 with High Volume with a 3% Trailing Sell Stop Loss below it.   
RIOT     RIOT PLATFORMS INC.      Wait for next Weekly Money Wave Close > 20 with High Volume.
SH      INVERSE S&P 500 FUND       Buy above $17.71 with High Volume with a 3% Trailing Sell Stop Loss below it.       
TAL      TAL EDUCATION GROUP    Buy above $10.45 with High Volume with a 3% Trailing Sell Stop Loss below it.       
W       WAYFAIR INC.      Buy above $90.71 with High Volume with a 3% Trailing Sell Stop Loss below it.
WW       WEIGHT WATCHERS INT’l.    Buy above $12.13 with High Volume with a 3% Trailing Sell Stop Loss below it. 

__________________________________________________________________________________________

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QUESTION:  John C. writes “Hi. I have been using your methods with quite good success over the past year, but lately I have been wondering something.  Sometimes you post  a daily chart for a company, but other times you post a weekly chart.  For swing/momentum trading, which chart is best to go by, because looking at both, side to side, the Money Waves are quite different.

Many thanks, John C.

ANSWER:  Hi John. The Green Line System is based on Buying the Leaders in the Green Zone, and taking Profits in the Red Zone.
The Daily Chart cycle usually takes 1-3 weeks and the Weekly Chart takes 1-3 months.  If you Buy the Weekly, don’t look at the Daily, as the Daily will cycle thru many times and be confusing. Pick only 1 Time Frame, and stick with it.

Many will use a shorter term Time Frame for ENTRY only, then go back to your Main Chart decision.

Thanks for writing.

ATGL

Related Post

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