Posted Tuesday, September 23, 2008 @ 12:01 am by Dr. Wish
GMI: 0; GMI-R: 0; 15th day of QQQQ down-trend
My market indicators are back to zero. There were only 18 new highs and 28 new lows in my universe of 4,000 stocks on Monday. Time to be on the sidelines, safely in cash. A market like this may be great for day traders, but not for methodical trend followers. If you can't resist being in the market, you have an addiction, not a serious money making pursuit.
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