Posted Thursday, July 30, 2009 @ 8:55 pm by Dr. Wish
GMI hits 6 for first time since June, 2008!
All six of the short and long term GMI indicators are positive for the first time since June 5, 2008, before the big market decline began. The more sensitive GMI-R is now 10 out of 10. I am therefore getting fully invested in my IRA and university pension accounts. Of course, the market could turn down, but I believe that I am am going long with the odds in my favor. If the up-trend continues I will highlight individual stocks. There were 124 stocks in my universe of 4,000 at 52 week highs on Thursday.
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