Posted Wednesday, October 25, 2006 @ 6:18 am by Dr. Wish
GMI: 6; IBD100 has 13 new highs
The GMI is 6. There were 237 new highs in my universe of 4,000 stocks. 
Tuesday was the 47th day in the current QQQQ up-trend. 23% of the Nasdaq 100 stocks rose, along with 44% of the S&P 500 and 50% of the Dow 30 stocks. Only 65% of the Nasdaq 100 stocks closed above their average price of the past 30 days, down from 88% on October 16. The IBD 100 list from 10/16 had 46 advances AND 13 new highs. The new highs were: VIP,NEU,ICLR,JWN,HXM,WCG,MS,ENR, AEOS,AMX,TV,HRT,NVEC……
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