Posted Friday, August 8, 2008 @ 8:14 am by Dr. Wish
GMI: 4; GMI-R: 6; 2nd day of QQQQ up-trend; buying QLD
Thursday was the second day of the new QQQQ up-trend. However, there were only 36 new highs and 81 new lows in my universe of 4,000 stocks on Thursday. Three fourths of the Nasdaq 100 and S&P 500 stocks had their MACD close above its signal line, a sign of a growing up-trend. The QQQQ 10 day average is now above its 30 day average. I am slowly buying some QLD.
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