Posted Tuesday, December 2, 2008 @ 12:01 am by Dr. Wish
GMI: 0; GMI-R: 0; Down-trend continues; 64th day of QQQQ down-trend; EBS strong; in cash or short
The GMI and GMI-R are both back to zero. There were 8 new highs and 117 new lows in my universe of 4,000 stocks on Monday. The QQQQ failed to break through resistance and Monday was the 64th day of the current QQQQ short term down-trend. EBS shows amazing relative strength, hitting a new high and ending down only 0.25. Best to remain in cash or short.
Post Tags:
Add a Comment
