Posted Friday, December 28, 2007 @ 12:01 am by Dr. Wish
GMI: 4; GMI-R: 6; Market weakens again
The GMI fell to 4, and the GMI-R to 6. There were more new lows than new highs in my universe of 4,000 stocks on Thursday (100/84). The QQQQ failed to close above the important resistance level from the last rise (52.84). We will have to see if it can hold support at its key 30 day average (50.91).
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