Posted Friday, December 16, 2011 @ 7:00 am by Dr. Wish

3rd day of QQQ short term down-trend; Is gold entering Stage 4 decline?

GMI

0/6

GMI-2

0/6

What is the GMI?
 

WORDEN T2108

33%

For the first time since January, 2009, GLD has closed below its 30 week average.  This could be the beginning of a major Stage 4 down-trend. Click on weekly chart to enlarge.

 


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