Posted Wednesday, January 30, 2008 @ 12:01 am by Dr. Wish
GMI: 0; GMI-R: 0; only 21 new highs and 24 lows on Tuesday; mainly in cash
The GMI and GMI-R remain at zero. There were only 21 new highs and 24 new lows in my universe of 4,000 stocks on Tuesday. Tuesday was the 18th day in the current QQQQ short term down-trend. The Worden T2108 indicator is now at 36%, up from 18% on January 22. It is nice to be on the sideline, in cash.
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