GMI: 4; GMI-R: 5; Trying to be patient.
The GMI and GMI-R fell a little as the IBD growth mutual fund index fell back below its 50 day average. One good down day will tip my indicators to the negative side. The key is to be patient and not jump the gun.
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jeff99az added these pithy words on Fri, 12-14-07 at 9:14 ammy indicators still + too, so holding onto long positions (have minor short position in housing). mkts held support well yesterday and rallied into close. From the futures, looks like we’ll start Friday in the red. These levels are either a very good buying juncture or the start of a negative turn … with the indicators still giving “+” readings, odds are it is the former.
jeff99az added these pithy words on Fri, 12-14-07 at 9:15 ammy indicators still + too, so holding onto long positions (have minor short position in housing). mkts held support well yesterday and rallied into close. From the futures, looks like we’ll start Friday in the red. These levels are either a very good buying juncture or the start of a negative turn … with the indicators still giving “+” readings, odds are it is the former.
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