http://wishingwealthblog.com/2009/06/how-my-general-market-indicator-gmi-kept-me-and-my-401k-out-of-the-bear-market/ A stock trading blog by Dr. Wish Wed, 23 May 2012 14:21:08 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://wishingwealthblog.com/2009/06/how-my-general-market-indicator-gmi-kept-me-and-my-401k-out-of-the-bear-market/comment-page-1/#comment-909 Dr. Wish Tue, 04 Aug 2009 13:32:35 +0000 http://wishingwealthblog.com/?p=1851#comment-909 Shawn, you got it! I'll give you an even simpler rule--I get out of the market whenever the QQQQ closes below its 30 week average! This is Stan Weinstein's stage analysis approach. If one simply exits a stock or the market when it closes below its 30 week average one could avoid all melt downs! A few years ago, I scanned the market for stocks showing a 30 week average that was reversing down. I came up with Enron --before it collapsed. My students found and shorted Bear Stearns the same way, before it collapsed! Shawn, you got it! I’ll give you an even simpler rule–I get out of the market whenever the QQQQ closes below its 30 week average! This is Stan Weinstein’s stage analysis approach. If one simply exits a stock or the market when it closes below its 30 week average one could avoid all melt downs! A few years ago, I scanned the market for stocks showing a 30 week average that was reversing down. I came up with Enron –before it collapsed. My students found and shorted Bear Stearns the same way, before it collapsed!

]]> http://wishingwealthblog.com/2009/06/how-my-general-market-indicator-gmi-kept-me-and-my-401k-out-of-the-bear-market/comment-page-1/#comment-908 Shawn M Tue, 04 Aug 2009 02:56:46 +0000 http://wishingwealthblog.com/?p=1851#comment-908 I was going over some older posts and realized this is one of my favorites posts and probably my favorite graphic on the site. Your chart shows that even one simple rule, like being 100% cash whenever the GMI is one or zero for example, could have saved so many investors from disaster this past year. I was going over some older posts and realized this is one of my favorites posts and probably my favorite graphic on the site. Your chart shows that even one simple rule, like being 100% cash whenever the GMI is one or zero for example, could have saved so many investors from disaster this past year.

]]> http://wishingwealthblog.com/2009/06/how-my-general-market-indicator-gmi-kept-me-and-my-401k-out-of-the-bear-market/comment-page-1/#comment-808 telzinga Sat, 20 Jun 2009 03:01:04 +0000 http://wishingwealthblog.com/?p=1851#comment-808 It looks like we had a nice retest of that 35.5 breakout level on the QQQQ this week. I think we are setting up for a break above 36.36 and then 37.36 (new high). I will stop myself out under 35.5 to reevaluate as it breaks both that retest level plus my lower channel line. It looks like we had a nice retest of that 35.5 breakout level on the QQQQ this week. I think we are setting up for a break above 36.36 and then 37.36 (new high). I will stop myself out under 35.5 to reevaluate as it breaks both that retest level plus my lower channel line.

]]> http://wishingwealthblog.com/2009/06/how-my-general-market-indicator-gmi-kept-me-and-my-401k-out-of-the-bear-market/comment-page-1/#comment-801 Illini Tue, 16 Jun 2009 15:57:10 +0000 http://wishingwealthblog.com/?p=1851#comment-801 What did you do with your QSII? What did you do with your QSII?

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