Posted Saturday, June 23, 2007 @ 9:05 am by Dr. Wish
GMI: 6; GMI-S: 31; FTO strong and GOOG on launch pad
The GMI is still at 6, although my short term indicators are weakening; now only 31% are positive. Still, the up-trend has not been broken. Nevertheless, I remain ready to respond if the GMI falls below 4. The Worden T2108 indicator is at 41, still not really in bottoming territory. This decline may set up an earnings rally early in July. Meanwhile, oil industry stocks are strong and FTO, which I own, continues to climb. GOOG looks ready to go to new highs. Have a nice weekend.
See my disclaimers on prior posts.
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