This market reversed again. Thursday is the first day of the new QQQ short term up-trend within a longer term up-trend. Judy’s stock, MAKO, has shined this week. It may be really extended now. Check out its RWB rocket pattern in this weekly chart. Click on chart to enlarge.
I didn’t realize that you had a problem with your blog. I’m glad that it is working again. Would you please post the GMI and GMI2 indicators for 5/13, 5/16 and 5/17? Thanks in advance.
Mark Hulbert at MarketWatch referred to MAKO as junk:
http://www.marketwatch.com/story/junk-continues-to-lead-the-market-2011-05-17
One mans’s junk is another woman’s treasure.
Dr Wish…do we get Judys picks when you first hear about them or is it considerably after the fact?
Do you see the markets heading lower first? I’m staying on the sidelines for now…
It depends. I am trying to get better at it. She also likes YUM now.
The markets are very tricky with the indexes going back and forth. I am mainly in cash or completely hedged.
I see this market getting weaker. There are lower highs and lower lows on the daily chart of each index. Being defensive. T
5/13: GMI=5 GMI2=4 5/16: 2,4 5/17: 2,4
Hi I just found this website and it looks very interesting. SHould help my retirement acct greatly. Is there anywhere I can read up on the differences between the GMI, GMI2, and GMI-R indicators?