Posted Wednesday, December 3, 2008 @ 12:01 am by Dr. Wish
GMI: 0; GMI-R: 1; EBS–another new high; 65th day of QQQQ short term down-trend
The GMI remains at zero, but the GMI-R rose to one. There were 6 new highs (EBS, LHCG, CBST, UTI, TLH and OSIR) and 92 new lows in my universe of 4,000 stocks on Tuesday. EBS continues to show outstanding strength, and the other 5 new highs also bear watching. Some look very promising. Monday's decline might have been a false move. Let's see if the market can recover all of the losses this week. Tuesday was the 65th day of the current QQQQ short term down-trend.
Post Tags:
Add a Comment
