Posted Wednesday, August 13, 2008 @ 12:01 am by Dr. Wish

GMI: 4; GMI-R: 8; 5th day of QQQQ up-trend

There were 58 new highs and 47 new lows in my universe of 4,000 stocks on Tuesday.  Since this new QQQQ up-trend began (by my definition) 5 days ago, the QQQQ has risen 2.5% and 74% of the Nasdaq 100 stocks have advanced; 22% rose by more than 5%.  The QLD has risen 5.2%.  Staying on the side of the market trend greatly enhances the probability of profitable trading. 


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Comments ( 1 Comment )

Dr Wish, your indicator times these swings without fail and lets you beat the market. Amazing.

Scasi added these pithy words on Wed, 8-13-08 at 11:03 am

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