Posted Friday, March 28, 2008 @ 12:01 am by Dr. Wish
GMI: 2; GMI-R: 5; 3rd day of QQQQ up-trend; CPST rises
The GMI and GMI-R each fell one on Thursday. There were 33 new highs and 31 new lows in my universe of 4,000 stocks on Thursday. Thursday was the 3rd day in the current short term QQQQ up-trend. With the DIA and SPY under pressure I am holding off accumulating any more stocks until I see whether the QQQQ can hold its up-trend. CPST held up nicely on Thursday, rising 4.3% on above average volume (see yesterday’s post).
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