Wednesday was the 10th day of the current decline in the QQQQ. The GMI and GMI-R are both zero and there were 441 new lows and 38 new highs in my universe of 4,000 stocks on Wednesday. The Worden T2108 indicator is 27%, still above the levels typical of past bottoms. I remain in cash with a few puts in my IRA.
Dr. Wish,
How do you choose the 4000 stocks that you include in your “universe”?