Posted Monday, August 11, 2008 @ 12:01 am by Dr. Wish
GMI: 4; GMI-R: 8; 3rd day of QQQQ up-trend
The GMI remains at 4 (of 6) and the more sensitive GMI-R rose to 8 (of 10). There were 80 new highs and 72 new lows in my universe of 4,000 stocks on Friday. The Worden T2108 indicator is now at 50%. The QQQQ is back above its 10 week average and I am adding stocks and QLD. Friday was the third day of the new QQQQ up-trend. The prior down-trend lasted 39 days.
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