Posted Thursday, January 22, 2009 @ 10:38 am by Dr. Wish
No changes in GMI; 5th day of QQQQ short term down-trend; Mainly in cash
The GMI and GMI-R remain at zero. There were 5 new highs and 165 new lows in my universe of 4,000 stocks on Wednesday. The major index moving averages I follow are flat, a time when it is likely we will be whipsawed back and forth until a major up or down-trend develops. Time to be mainly in cash.
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