Posted Wednesday, August 10, 2011 @ 6:55 am by Dr. Wish

5th day of QQQ short term down-trend; in cash





What is the GMI?



Bottoms take a while to put in.   I do not trust this one yet.   We are only five days into the new short term down-trend. But with the T2108 at 8% we are in extremely oversold territory. I am in cash, safely and calmly watching from the sidelines.

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Comments ( 1 Comment )

This is bad, good Doctor. Nice that your system pinned it 5 days ago. Thanks but I only managed to get to 20% cash plus adding a utility (which is down too but not as much as all else).

Illini added these pithy words on Wed, 8-10-11 at 7:43 pm

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