Posted Wednesday, August 6, 2008 @ 12:01 am by Dr. Wish
GMI: 3; GMI-R: 5; up-trend coming?
The GMI rose to 3 and the GMI-R to 5. The QQQQ, which bounced down off of resistance last Friday, broke through on Tuesday. Another up day tomorrow will signal a new up-trend. Meanwhile, Tuesday was the 39th day of the current QQQQ down-trend. There were 63 new highs and 85 new lows in my universe of 4,000 stocks on Tuesday. The Worden T2108 indicator is now up to 44%. The key is to wade slowly into the new up-trend, if it is confirmed.
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