Posted Friday, July 27, 2012 @ 7:00 am by Dr. Wish
2nd day of QQQ short term up-trend; IOC breaks out
The GMI and GMI-2 are each 2 (of 6). With Thursday’s rebound, the new short term down-trend may not hold. I am laregly out of the market waiting for a significant trend to develop. IBD changed its outlook again and now sees the market in a confirmed up-trend. This has been a very difficult market to figure out. Meanwhile note this monthly green line chart of IOC hitting a new high out of a two year base on Thursday. It reports earnings soon and has a very high short interest. I am researching it. Will it hold?
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