Posted Tuesday, April 1, 2008 @ 12:01 am by Dr. Wish
GMI: 1; GMI-R: 3; 5th day of QQQQ short term up-trend; short and long positions
The GMI remains at 1 and the GMI-R at 3. There were 15 new highs and 83 new lows in my universe of 4,000 stocks on Friday. RICK failed to hold its break-out. The QQQQ completed the 5th day of its current short term up-trend. With mutual fund window dressing over with the end of the first quarter, it will be critical to see whether the QQQQ can hold its 30 day average on Tuesday. I remain manily in cash with a small long position hedged by a small short position.
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Comments ( 1 Comment )
copywizard added these pithy words on Tue, 4-1-08 at 6:08 amHey, Dr Wish, nice new blog site. I read you blog regularly and quite liked the understated professional quality of your previous blog but this is definitiely more out there!
Keep up the great posts!
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