Posted Tuesday, July 31, 2012 @ 7:00 am by Dr. Wish
New QQQ short term up-trend; GMI flashes Buy signal; Green line chart of AMGN
Monday was the first day of a new QQQ short term up-trend. The prior down-trend lasted only 3 days. This has been a very erratic market. I am more confident of a change in trend after it has persisted for 5 days. So I am slowly wading back into this market. Keeping an eye on AMGN. This monthly green line chart shows AMGN is about to break out of a multi-year base to an all-time high.
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