Posted Tuesday, February 10, 2009 @ 11:06 pm by Dr. Wish
QQQQ still in short term up-trend; mainly on cash
There were 3 new highs and 103 new lows in my universe of 4,000 stocks on Tuesday. The GMI and GMI-R both declined. But the QQQQ short term up-trend completed its 5th day. I hold a little QLD and have a close sell stop in case the QQQQ declines more. Note that MYGN and SXCI held up on a down day. I remain mainly in cash.
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Maple added these pithy words on Wed, 2-11-09 at 12:24 amWe are in Intermediate wave (5) of Primary wave {1} of Cycle wave c – still a ways to go before the next turn.
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