Posted Tuesday, July 8, 2008 @ 8:36 am by Dr. Wish
GMI: 0; GMI-R: 0; Worden T2108: 8%, rally coming?
The GMI and GMI-R remain at zero. There were 12 new highs and 726 new lows in my universe of 4,000 stocks on Monday. The Worden T2108 indicator fell to 8%, deep in bottom territory (see my prior post). So many media pundits are proclaiming a bear market that at least a bounce is likely. Monday was the 18th day of the current QQQQ down-trend.
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