Posted Wednesday, December 26, 2007 @ 12:01 am by Dr. Wish

GMI:5; GMI-R: 9 All systems go

The GMI is 5 and the GMI-R is 9.  The QQQQ short term up-trend completed its second day on Monday.  The put/call ratio on Monday was 1.29, suggesting that option traders are skeptical of this rally.  So this up-trend may have a way to go.  With mutual fund window dressing through the end of December, the strongest stocks (RIMM, ISRG, AAPL, CMG, ICE) may remain strong this week. I am in cash and will take positions in January. 


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