Posted Tuesday, June 22, 2010 @ 7:00 am by Dr. Wish

GMI holds at 4; UNG breaks up-trend

GMI

4/6

GMI-R

7/10

What is the GMI?
 

WORDEN T2108

49%

In spite of the reversal on Monday the GMI remains at 4 and the GMI-R, at 7.  UNG closed below its 30 week average and the Stage 2 up-trend is now in doubt. Monday was the 4th day of QQQQ short term up-trend (U-4).

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