Posted Sunday, January 25, 2009 @ 10:13 pm by Dr. Wish

And the beat (bear) goes on; GMI, GMI-R: 0; T2108: 40%

Only 2 new highs (AVAV and ASEI) and 192 new lows in my universe of 4,000 stocks on Friday. The QQQQ completed its 7th day of the current short term down-trend. The prior QQQQ up-trend lasted only 24 days and did not deliver much of a rise. GMI0123 Only 20% of the Nasdaq 100 stocks have an MACD above its signal line. The T2108 indicator is at 40%, well within a neutral zone. I see no signs of a bottom. In fact, things look pretty much in a solid down trend. I remain mainly in cash.


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Comments ( 4 )

Congratulations on your new website. Looks clean & simple.

Andy added these pithy words on Mon, 1-26-09 at 1:35 am

I just got your e-mail containing your link to your blog. It looks great and I hope to more focused on developing an investing strategy then my (blind-folded monkey throwing darts-type strategy). I feel that some of the rules that we learned do not apply in this market, (post oct-08). The big money is pushing it up one day and down, and has little to no real reason behind it; this volitility kills any 7% or 10% stop loss rule, and the next few days your stock could be up 25% as intended and you will have missed out. I also look forward to going to the next IBD meetup, but i feel intimidated because i am a novice. Its great to hear your class is still on-going and wish that you have another great semester.

Albert added these pithy words on Mon, 1-26-09 at 3:54 pm

The website is fine but the font is awfully small. Thanks for all the work.

Doug added these pithy words on Mon, 1-26-09 at 11:47 pm

Great site. Well done.

MICHAEL HILL added these pithy words on Tue, 1-27-09 at 12:11 am

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