Comments on: GMI: 1; GMI-R: 4 T2108: 61%

By: Mr Risk

Mr Risk — Thu, 29 Jan 2009 21:58:42 +0000

Sorry meant Jan 28th market surge and Jan 29th reversal day. I’m in Asia right now, one day ahead on my calendar.

By: Mr Risk

Mr Risk — Thu, 29 Jan 2009 21:56:05 +0000

Jan 30th is quite a reversal day, but the previous day was a huge overbought run-up. My sentiment indicators nearly went off the charts warning of a short-term pull-back. And it did happen, almost on cue. But the one day sell-off didn’t seem to push the sentiment indicators into oversold territory.

Except for some Nasdaq issues, most of NH/NL are still anemic. Did you notice that the leading stocks such as AVAV and ASEI were selling off as the market surged on the 29th? Very interesting.

By: John

John — Thu, 29 Jan 2009 18:15:56 +0000

Have been reading for “many moons”, great “new look” on the site.
Better yet, same wonderful analysis. I’m glad you’re sharing with us.

By: Vince

Vince — Thu, 29 Jan 2009 13:58:47 +0000

Dr Wish,

Regarding your post, when place close stops on a position–how close is ‘close’?
Do you use a percentage? Just curious.
Great web site by the way.