Posted Friday, December 12, 2008 @ 9:25 pm by Dr. Wish
GMI: 0; GMI-R: 2; QQQQ short term up-trend in jeopardy
The GMI fell to zero, and the GMI-R to 2. Thursday was the 3rd day of the new QQQQ short term up-trend. Another down or unchanged day for the QQQQ on Friday would start a new QQQQ short term down-trend. There were 5 new highs and 61 new lows in my universe of 4,000 stocks on Thursday. The Worden T2108 indicator fell to 32%. I need to be very cautious and wait to see if this up-trend continues.
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