Posted Thursday, January 11, 2007 @ 12:06 am by Dr. Wish
GMI:5; GMI-S: 56; Buying QLD again
The GMI rose to 5 and the GMI-S to 56. It looks like this is the 2nd day of the new QQQQ up-trend. 
There were 138 new 52 week highs in my universe of 4,000 stocks. 69% of the Nasdaq 100 stocks rose along with 59% of the S&P 500 stocks and 57% of the Dow 30 stocks. I am accumulating QLD again as the QQQQ index rises. A lot of stocks are bouncing off of support.
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