Posted Thursday, January 8, 2009 @ 12:01 am by Dr. Wish
GMI: 2; GMI-R: 5; T2108: 85%
The GMI-R fell one, to 5 on Wednesday. There were only 5 new highs and 12 new lows in my universe of 4,000 stocks on Wednesday. None of the 5 new highs were on my IBD100 lists from the past year. The QQQQ completed the 20th day of its short term up-trend. The T2108 indicator backed off from the peak level reached on Tuesday. I am still holding QLD as long as this up-trend holds.
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