The GMI is back to 4 and I am worried about the coming week. Too many of my indicators could easily turn negative with a couple of down days. The IBD Mutual Fund Index is back below its 50 day average and has thus turned negative in the GMI. The QQQQ is also back below its 10 week average. If it does not regain this average this week, I will go to cash again. Stay tuned….
Good idea – Already going to cash – also TIPS – this is gonna be bad if Fed doesn’t do what bond market is saying – lower rates!!!! Think Fed won’t lower – if does investor confidence will fall – Fed coddling to Big banks and speculators again