Posted Tuesday, August 24, 2010 @ 7:00 am by Dr. Wish
Worden Webinar tonight; QQQQ short term down-trend completes day 7
The QQQQ short term down-trend has now reached seven days. With the GMI at one, I am mainly in cash with a few short positions. I also own some TYP, that is designed to go up about 3X as much as tech stocks decline. The longer term averages for the QQQQ remain flat. The time to buy stocks is when the indexes and their longer term averages are rising. See you at my free Worden webinar Tuesday night. You can register at Worden.com.
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